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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.27, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.15 | 0.10 | 95 | Long-Short | FMRFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.25 | 0.03 | 60 | Systematic Trend | FMRFX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.70 | 0.69 | 0.76 | 66 | Technology Equities | FMRFX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.77 | 0.74 | 0.77 | 70 | Large Cap Growth Equities | FMRFX vs NASDX | |
| Dimensional Retirement Income Fund | 0.81 | 0.88 | 0.86 | 77 | Target Retirement Date | FMRFX vs TDIFX |
See all 76 diversifiers for FMRFX
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