Looking to diversify beyond FRAAX? The mutual funds below have historically moved differently from FRAAX, 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 FRAAX
1 mutual funds have low correlation with FRAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.30, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.30 | 0.40 | 0.50 | 87 | Diversified Portfolio | FRAAX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.30 | 0.37 | 0.49 | 93 | Diversified Portfolio | FRAAX vs FRIAX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.68 | 0.73 | 90 | Large Cap Growth Equities | FRAAX vs DNVYX | |
| Templeton Institutional Fund International Equity ... | 0.66 | 0.61 | 0.63 | 63 | Foreign Large Cap Equities | FRAAX vs TFEQX | |
| ICON Equity Fund | 0.69 | 0.63 | 0.71 | 80 | Large Cap Growth Equities | FRAAX vs IOLZX |
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