Looking to diversify beyond FLRZX? The mutual funds below have historically moved differently from FLRZX, 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 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 0.51, down from 0.71 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 | 0.51 | 0.63 | 0.71 | 87 | Diversified Portfolio | FLRZX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.53 | 0.61 | 0.71 | 93 | Diversified Portfolio | FLRZX vs FRIAX | |
| Dimensional Retirement Income Fund | 0.83 | 0.82 | 0.80 | 81 | Target Retirement Date | FLRZX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.84 | 0.79 | 0.73 | 53 | Target Retirement Date | FLRZX vs DRIQX | |
| MFS Lifetime Income Fund | 0.84 | 0.84 | 0.85 | 66 | Target Retirement Date | FLRZX vs MLLIX |
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