Looking to diversify beyond FLRYX? The mutual funds below have the lowest correlation with FLRYX — 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 FLRYX.
Best Diversifiers for FLRYX
3 mutual funds have low correlation with FLRYX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.19, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.19 | 0.12 | 0.10 | 61 | High Yield Muni | FLRYX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.22 | 0.10 | 0.11 | 62 | High Yield Muni | FLRYX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.11 | 0.10 | 73 | Large Cap Blend Equities | FLRYX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.40 | 0.33 | 0.36 | 76 | Preferred Stock/Convertible Bonds | FLRYX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.33 | 0.41 | 72 | Large Cap Blend Equities | FLRYX vs ORDNX |
See all 33 diversifiers for FLRYX
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