Looking to diversify beyond FIRVX? The mutual funds below have the lowest correlation with FIRVX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FIRVX.
Best Diversifiers for FIRVX
1 mutual funds have low correlation with FIRVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.28, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.28 | 0.15 | 0.10 | 94 | Long-Short | FIRVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.22 | -0.01 | 54 | Systematic Trend | FIRVX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.70 | 0.66 | 0.72 | 50 | Technology Equities | FIRVX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.69 | 0.73 | 53 | Large Cap Growth Equities | FIRVX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.79 | — | — | 69 | Target Retirement Date | FIRVX vs FAELX |
See all 511 diversifiers for FIRVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIRVX
Add FIRVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIRVX