Looking to diversify beyond FQCHX? The mutual funds below have the lowest correlation with FQCHX — 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 FQCHX.
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 0.20, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.20 | 0.33 | 0.25 | 92 | Diversified Portfolio | FQCHX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.22 | 0.34 | 0.25 | 87 | Diversified Portfolio | FQCHX vs FKINX | |
| Counterpoint Tactical Municipal Fund | 0.60 | 0.61 | 0.58 | 58 | High Yield Muni | FQCHX vs TMNIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.62 | 0.70 | 0.71 | 62 | High Yield Muni | FQCHX vs NVHIX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.66 | 0.77 | 0.81 | 53 | High Yield Muni | FQCHX vs RTHAX |
See all 19 diversifiers for FQCHX
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