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Franklin Low Duration Total Return Fund (FLDAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund invests primarily in debt securities, which may be represented by derivative investments that provide exposure to debt securities such as futures, options and swap agreements. It may also invest up to 20% of its total assets in non-investment grade securities, including up to 5% in securities rated lower than B- by S&P or Moody's, which may include defaulted securities.

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

5 mutual funds have low correlation with FLDAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.11, down from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio0.110.010.33
100
Short-Term BondFLDAX vs DFCFX
LCCMX
Leader Short Term High Yield Bond Fund0.190.200.24
82
Short-Term BondFLDAX vs LCCMX
GPARX
GuidePath Absolute Return Allocation Fund0.210.500.57
54
Short-Term BondFLDAX vs GPARX
GPICX
GuidepathConservative Income Fund0.260.340.40
99
Short-Term BondFLDAX vs GPICX
DFAIX
DFA Short-Duration Real Return Portfolio0.280.260.37
98
Short-Term BondFLDAX vs DFAIX
See all 18 diversifiers for FLDAX

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