Looking to diversify beyond FLDOX? The mutual funds below have the lowest correlation with FLDOX — 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 FLDOX.
Best Diversifiers for FLDOX
2 mutual funds have low correlation with FLDOX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.01 | 0.11 | 76 | Diversified Portfolio | FLDOX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.44 | 63 | Diversified Portfolio | FLDOX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.55 | 0.59 | 96 | Diversified Portfolio | FLDOX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.59 | 95 | Diversified Portfolio | FLDOX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.55 | 0.60 | 96 | Diversified Portfolio | FLDOX vs FSRRX |
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