Looking to diversify beyond FLC? The mutual funds below have the lowest correlation with FLC — 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 FLC.
Best Diversifiers for FLC
1 mutual funds have low correlation with FLC (below 0.3), 0 of which are negatively correlated. The least correlated is RMB Mendon Financial Services Fund (RMBKX) (Financials Equities) with a 1Y correlation of 0.21, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 0.21 | 0.37 | 0.36 | 59 | Financials Equities | FLC vs RMBKX | |
| Gabelli Global Financial Services Fund | 0.35 | 0.45 | 0.42 | 73 | Financials Equities | FLC vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 0.37 | 0.46 | 0.43 | 71 | Financials Equities | FLC vs GAFSX |
Diversification Analysis
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