Looking to diversify beyond FLRZX? The mutual funds below have the lowest correlation with FLRZX — 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 FLRZX.
Best Diversifiers for FLRZX
0 mutual funds have low correlation with FLRZX (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 0.58, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.58 | 0.63 | 0.72 | 89 | Diversified Portfolio | FLRZX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.61 | 0.65 | 0.73 | 84 | Diversified Portfolio | FLRZX vs FKINX | |
| Dimensional Retirement Income Fund | 0.80 | 0.82 | 0.79 | 77 | Target Retirement Date | FLRZX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.85 | 0.87 | 0.91 | 61 | Target Retirement Date | FLRZX vs LTTIX | |
| Prudential Day One Income Fund | 0.86 | 0.87 | 0.87 | 79 | Target Retirement Date | FLRZX vs PDAHX |
See all 42 diversifiers for FLRZX
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Diversification Analysis
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