Looking to diversify beyond FLMFX? The mutual funds below have the lowest correlation with FLMFX — 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 FLMFX.
Best Diversifiers for FLMFX
1 mutual funds have low correlation with FLMFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.02 | 0.27 | 0.23 | 75 | Tactical Allocation | FLMFX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.39 | 0.52 | 0.43 | 80 | Tactical Allocation | FLMFX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.40 | 0.32 | 0.34 | 89 | Tactical Allocation | FLMFX vs HSTRX | |
| AQR Diversifying Strategies Fund Class N | 0.47 | 0.36 | 0.21 | 88 | Tactical Allocation | FLMFX vs QDSNX | |
| Invesco Balanced-Risk Allocation Fund | 0.52 | 0.52 | 0.54 | 90 | Tactical Allocation | FLMFX vs ABRYX |
See all 29 diversifiers for FLMFX
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