Looking to diversify beyond FLRLX? The mutual funds below have historically moved differently from FLRLX, 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 FLRLX
0 mutual funds have low correlation with FLRLX (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 0.50, down from 0.68 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 | 0.50 | 0.59 | 0.68 | 87 | Diversified Portfolio | FLRLX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.50 | 0.56 | 0.68 | 93 | Diversified Portfolio | FLRLX vs FRIAX | |
| Dimensional Retirement Income Fund | 0.79 | 0.77 | 0.74 | 81 | Target Retirement Date | FLRLX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | 0.72 | 0.66 | 53 | Target Retirement Date | FLRLX vs DRIQX | |
| MFS Lifetime Income Fund | 0.81 | 0.78 | 0.80 | 66 | Target Retirement Date | FLRLX vs MLLIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLRLX
Add FLRLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLRLX