Looking to diversify beyond FLRHX? The mutual funds below have the lowest correlation with FLRHX — 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 FLRHX.
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 Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.54, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.54 | 0.61 | 0.71 | 84 | Diversified Portfolio | FLRHX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.56 | 0.63 | 0.71 | 79 | Diversified Portfolio | FLRHX vs FKINX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.77 | 81 | Target Retirement Date | FLRHX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.79 | 0.78 | 66 | Target Retirement Date | FLRHX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.78 | 0.75 | 66 | Target Retirement Date | FLRHX vs FRIMX |
See all 40 diversifiers for FLRHX
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