Looking to diversify beyond FQTHX? The mutual funds below have the lowest correlation with FQTHX — 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 FQTHX.
Best Diversifiers for FQTHX
2 mutual funds have low correlation with FQTHX (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 0.22, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.22 | 0.32 | 0.24 | 89 | Diversified Portfolio | FQTHX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.23 | 0.32 | 0.25 | 84 | Diversified Portfolio | FQTHX vs FKINX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.68 | 0.71 | 0.70 | 65 | High Yield Muni | FQTHX vs NVHIX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.70 | 0.80 | 0.82 | 68 | High Yield Muni | FQTHX vs RTHAX | |
| abrdn Short Duration High Yield Municipal Fund | 0.71 | 0.77 | 0.78 | 57 | High Yield Muni | FQTHX vs AHYMX |
See all 32 diversifiers for FQTHX
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