Looking to diversify beyond FLSHX? The mutual funds below have the lowest correlation with FLSHX — 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 FLSHX.
Best Diversifiers for FLSHX
0 mutual funds have low correlation with FLSHX (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 0.56, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.56 | 0.60 | 0.70 | 92 | Diversified Portfolio | FLSHX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.59 | 0.62 | 0.70 | 87 | Diversified Portfolio | FLSHX vs FKINX | |
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 85 | Target Retirement Date | FLSHX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 86 | Target Retirement Date | FLSHX vs PDAHX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.82 | 0.75 | 0.72 | 72 | Target Retirement Date | FLSHX vs FRHMX |
See all 39 diversifiers for FLSHX
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