Looking to diversify beyond FLRDX? The mutual funds below have the lowest correlation with FLRDX — 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 FLRDX.
Best Diversifiers for FLRDX
0 mutual funds have low correlation with FLRDX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.65, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.65 | 0.72 | 0.78 | 79 | Diversified Portfolio | FLRDX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.66 | 0.72 | 0.77 | 89 | Diversified Portfolio | FLRDX vs FRIAX | |
| Voya Target Retirement 2050 Fund | 0.82 | 0.86 | 0.88 | 71 | Target Retirement Date | FLRDX vs IRSQX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | 0.85 | 64 | Target Retirement Date | FLRDX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.84 | 0.88 | 0.89 | 75 | Target Retirement Date | FLRDX vs IRSOX |
See all 57 diversifiers for FLRDX
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