Looking to diversify beyond FLRFX? The mutual funds below have the lowest correlation with FLRFX — 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 FLRFX.
Best Diversifiers for FLRFX
0 mutual funds have low correlation with FLRFX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.59, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.59 | 0.65 | 0.73 | 89 | Diversified Portfolio | FLRFX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.60 | 0.67 | 0.73 | 84 | Diversified Portfolio | FLRFX vs FKINX | |
| Dimensional Retirement Income Fund | 0.81 | 0.84 | 0.82 | 77 | Target Retirement Date | FLRFX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.88 | 0.90 | 0.90 | 79 | Target Retirement Date | FLRFX vs ISOLX | |
| Prudential Day One Income Fund | 0.88 | 0.89 | 0.89 | 79 | Target Retirement Date | FLRFX vs PDAHX |
See all 36 diversifiers for FLRFX
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