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 0.21, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.12 | 0.08 | 92 | Long-Short | FIRVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.22 | -0.00 | 67 | Systematic Trend | FIRVX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.70 | 0.73 | 75 | Large Cap Growth Equities | FIRVX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.82 | 0.82 | 0.84 | 83 | Target Retirement Date | FIRVX vs DRILX | |
| iShares S&P 500 Index Fund | 0.82 | 0.77 | 0.79 | 73 | S&P 500 | FIRVX vs WFSPX |
See all 38 diversifiers for FIRVX
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Diversification Analysis
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