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 Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.55, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.55 | 0.64 | 0.72 | 82 | Diversified Portfolio | FLRZX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.55 | 0.62 | 0.72 | 88 | Diversified Portfolio | FLRZX vs FRIAX | |
| Dimensional Retirement Income Fund | 0.81 | 0.82 | 0.79 | 83 | Target Retirement Date | FLRZX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.81 | 0.81 | 84 | Target Retirement Date | FLRZX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.81 | 0.81 | 70 | Target Retirement Date | FLRZX vs FRQIX |
See all 41 diversifiers for FLRZX
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Diversification Analysis
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