Looking to diversify beyond FRAAX? The mutual funds below have the lowest correlation with FRAAX — 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 FRAAX.
Best Diversifiers for FRAAX
0 mutual funds have low correlation with FRAAX (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 0.34, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.34 | 0.39 | 0.51 | 89 | Diversified Portfolio | FRAAX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.36 | 0.42 | 0.51 | 84 | Diversified Portfolio | FRAAX vs FKINX | |
| Baron Partners Fund | 0.51 | 0.59 | 0.69 | 72 | Large Cap Growth Equities | FRAAX vs BPTRX | |
| ICON Equity Fund | 0.62 | 0.61 | 0.70 | 84 | Large Cap Growth Equities | FRAAX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.63 | 0.69 | 0.73 | 80 | Large Cap Growth Equities | FRAAX vs DNVYX |
See all 25 diversifiers for FRAAX
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