Looking to diversify beyond FIXRX? The mutual funds below have historically moved differently from FIXRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.26, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.26 | 0.14 | 0.09 | 97 | Equity Market Neutral | FIXRX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.45 | 0.25 | 0.01 | 66 | Systematic Trend | FIXRX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.57 | 0.59 | 0.64 | 64 | Derivative Income | FIXRX vs BDJ | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.78 | 0.83 | 0.86 | 77 | Target Retirement Date | FIXRX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.78 | 0.82 | 0.85 | 77 | Target Retirement Date | FIXRX vs DTDRX |
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