Looking to diversify beyond FLSOX? The mutual funds below have the lowest correlation with FLSOX — 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 FLSOX.
Best Diversifiers for FLSOX
0 mutual funds have low correlation with FLSOX (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 0.55, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.55 | 0.58 | 0.69 | 92 | Diversified Portfolio | FLSOX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.56 | 0.61 | 0.69 | 87 | Diversified Portfolio | FLSOX vs FKINX | |
| Dimensional Retirement Income Fund | 0.71 | 0.75 | 0.73 | 85 | Target Retirement Date | FLSOX vs TDIFX | |
| Prudential Day One Income Fund | 0.78 | 0.79 | 0.81 | 86 | Target Retirement Date | FLSOX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.79 | 0.73 | 0.73 | 74 | Target Retirement Date | FLSOX vs FRQHX |
See all 35 diversifiers for FLSOX
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