Looking to diversify beyond FLTKX? The mutual funds below have the lowest correlation with FLTKX — 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 FLTKX.
Best Diversifiers for FLTKX
0 mutual funds have low correlation with FLTKX (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 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.57 | 0.57 | 0.69 | 92 | Diversified Portfolio | FLTKX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.58 | 0.60 | 0.69 | 87 | Diversified Portfolio | FLTKX vs FKINX | |
| Dimensional Retirement Income Fund | 0.72 | 0.75 | 0.73 | 85 | Target Retirement Date | FLTKX vs TDIFX | |
| Prudential Day One Income Fund | 0.79 | 0.79 | 0.81 | 86 | Target Retirement Date | FLTKX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.72 | 0.73 | 70 | Target Retirement Date | FLTKX vs FRQIX |
See all 36 diversifiers for FLTKX
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