Looking to diversify beyond FLRLX? The mutual funds below have the lowest correlation with FLRLX — 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 FLRLX.
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 Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.52, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.52 | 0.58 | 0.69 | 88 | Diversified Portfolio | FLRLX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.53 | 0.60 | 0.69 | 82 | Diversified Portfolio | FLRLX vs FKINX | |
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.74 | 83 | Target Retirement Date | FLRLX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.79 | 0.74 | 0.74 | 84 | Target Retirement Date | FLRLX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.74 | 0.74 | 67 | Target Retirement Date | FLRLX vs FRQAX |
See all 55 diversifiers for FLRLX
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