Looking to diversify beyond FLRFX? The mutual funds below have historically moved differently from FLRFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.52, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.52 | 0.65 | 0.72 | 87 | Diversified Portfolio | FLRFX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.54 | 0.63 | 0.72 | 93 | Diversified Portfolio | FLRFX vs FRIAX | |
| Dimensional Retirement Income Fund | 0.84 | 0.85 | 0.82 | 81 | Target Retirement Date | FLRFX vs TDIFX | |
| Templeton Institutional Fund International Equity ... | 0.87 | 0.83 | 0.83 | 63 | Foreign Large Cap Equities | FLRFX vs TFEQX | |
| Prudential Day One Income Fund | 0.88 | 0.89 | 0.89 | 85 | Target Retirement Date | FLRFX vs PDAHX |
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