Looking to diversify beyond FLBDX? The mutual funds below have the lowest correlation with FLBDX — 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 FLBDX.
Best Diversifiers for FLBDX
8 mutual funds have low correlation with FLBDX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.18, up from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.18 | -0.30 | — | 99 | Nontraditional Bonds | FLBDX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | 0.01 | 0.02 | 0.02 | 76 | Nontraditional Bonds | FLBDX vs RPIDX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.07 | 0.03 | 0.03 | 100 | Nontraditional Bonds | FLBDX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.08 | -0.01 | 0.02 | 99 | Nontraditional Bonds | FLBDX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | 0.11 | 0.08 | 0.08 | 64 | Nontraditional Bonds | FLBDX vs PMOTX |
See all 24 diversifiers for FLBDX
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