Looking to diversify beyond FLROX? The mutual funds below have historically moved differently from FLROX, 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 FLROX
0 mutual funds have low correlation with FLROX (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 0.53, down from 0.73 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 | 0.53 | 0.66 | 0.73 | 87 | Diversified Portfolio | FLROX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.55 | 0.64 | 0.73 | 93 | Diversified Portfolio | FLROX vs FRIAX | |
| Templeton Institutional Fund International Equity ... | 0.85 | 0.80 | 0.81 | 63 | Foreign Large Cap Equities | FLROX vs TFEQX | |
| Dimensional Retirement Income Fund | 0.86 | 0.86 | 0.84 | 81 | Target Retirement Date | FLROX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.91 | 0.93 | 75 | Target Retirement Date | FLROX vs IRSOX |
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