Looking to diversify beyond FLROX? The mutual funds below have the lowest correlation with FLROX — 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 FLROX.
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 Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.60, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.60 | 0.66 | 0.74 | 89 | Diversified Portfolio | FLROX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.61 | 0.68 | 0.74 | 84 | Diversified Portfolio | FLROX vs FKINX | |
| Dimensional Retirement Income Fund | 0.83 | 0.86 | 0.84 | 77 | Target Retirement Date | FLROX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.86 | 0.91 | 0.93 | 81 | Target Retirement Date | FLROX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.88 | 0.91 | 81 | Target Retirement Date | FLROX vs DRILX |
See all 42 diversifiers for FLROX
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Diversification Analysis
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