Looking to diversify beyond FMRFX? The mutual funds below have the lowest correlation with FMRFX — 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 FMRFX.
Best Diversifiers for FMRFX
1 mutual funds have low correlation with FMRFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.27, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.27 | 0.16 | 0.09 | 96 | Equity Market Neutral | FMRFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.25 | 0.03 | 51 | Systematic Trend | FMRFX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.73 | 0.73 | 0.77 | 59 | Large Cap Growth Equities | FMRFX vs NASDX | |
| Dimensional Retirement Income Fund | 0.79 | 0.87 | 0.86 | 83 | Target Retirement Date | FMRFX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.81 | 0.85 | 0.88 | 78 | Target Retirement Date | FMRFX vs DRILX |
See all 71 diversifiers for FMRFX
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