Looking to diversify beyond FLRHX? The mutual funds below have historically moved differently from FLRHX, 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 FLRHX
0 mutual funds have low correlation with FLRHX (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 0.51, down from 0.70 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 | 0.51 | 0.61 | 0.70 | 87 | Diversified Portfolio | FLRHX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.52 | 0.59 | 0.70 | 93 | Diversified Portfolio | FLRHX vs FRIAX | |
| Dimensional Retirement Income Fund | 0.81 | 0.80 | 0.77 | 81 | Target Retirement Date | FLRHX vs TDIFX | |
| Prudential Day One Income Fund | 0.84 | 0.84 | 0.85 | 85 | Target Retirement Date | FLRHX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.85 | 0.86 | 0.86 | 70 | Target Retirement Date | FLRHX vs ISOLX |
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