Looking to diversify beyond FLDAX? The mutual funds below have the lowest correlation with FLDAX — 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 FLDAX.
Best Diversifiers for FLDAX
4 mutual funds have low correlation with FLDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.18 | 0.19 | 0.24 | 75 | Short-Term Bond | FLDAX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.22 | 0.27 | 0.36 | 99 | Short-Term Bond | FLDAX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.29 | 0.54 | 0.58 | 74 | Short-Term Bond | FLDAX vs GPARX | |
| Franklin Income Fund Advisor Class | 0.30 | 0.37 | 0.34 | 92 | Diversified Portfolio | FLDAX vs FRIAX | |
| GuidepathConservative Income Fund | 0.32 | 0.37 | 0.40 | 99 | Short-Term Bond | FLDAX vs GPICX |
See all 16 diversifiers for FLDAX
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