Looking to diversify beyond FLFGX? The mutual funds below have the lowest correlation with FLFGX — 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 FLFGX.
Best Diversifiers for FLFGX
2 mutual funds have low correlation with FLFGX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.20, up from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.20 | 0.10 | 0.02 | 88 | Global Allocation | FLFGX vs LFMIX | |
| Wilmington Real Asset Fund | 0.28 | 0.52 | 0.58 | 84 | Global Allocation | FLFGX vs WMRIX | |
| Hartford Real Asset Fund | 0.40 | 0.58 | 0.65 | 97 | Global Allocation | FLFGX vs HRLYX | |
| Allspring Absolute Return Fund | 0.47 | 0.65 | 0.63 | 94 | Global Allocation | FLFGX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.49 | 0.44 | 0.65 | 55 | Global Allocation | FLFGX vs MHESX |
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