Looking to diversify beyond FQCHX? The mutual funds below have historically moved differently from FQCHX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FQCHX
2 mutual funds have low correlation with FQCHX (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 0.29, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.29 | 0.32 | 0.25 | 95 | Diversified Portfolio | FQCHX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.29 | 0.34 | 0.26 | 93 | Diversified Portfolio | FQCHX vs FKINX | |
| Templeton Institutional Fund International Equity ... | 0.31 | 0.18 | 0.13 | 59 | Foreign Large Cap Equities | FQCHX vs TFEQX | |
| Federated Hermes Municipal High Yield Advtg Fd | 0.63 | 0.75 | 0.79 | 93 | High Yield Muni | FQCHX vs FHTFX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.64 | 0.71 | 0.71 | 88 | High Yield Muni | FQCHX vs NVHIX |
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