Looking to diversify beyond FIXRX? The mutual funds below have the lowest correlation with FIXRX — 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 FIXRX.
Best Diversifiers for FIXRX
1 mutual funds have low correlation with FIXRX (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 0.26, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.15 | 0.09 | 95 | Long-Short | FIXRX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.47 | 0.25 | 0.02 | 60 | Systematic Trend | FIXRX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.69 | 0.68 | 0.74 | 66 | Technology Equities | FIXRX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.72 | 0.76 | 70 | Large Cap Growth Equities | FIXRX vs NASDX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.88 | 77 | Target Retirement Date | FIXRX vs TDIFX |
See all 42 diversifiers for FIXRX
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