Looking to diversify beyond FRALX? The mutual funds below have the lowest correlation with FRALX — 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 FRALX.
Best Diversifiers for FRALX
13 mutual funds have low correlation with FRALX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.17 | 0.21 | 96 | Municipal Bonds | FRALX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.19 | 0.22 | 95 | Municipal Bonds | FRALX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.38 | 99 | Municipal Bonds | FRALX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.36 | 99 | Municipal Bonds | FRALX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.32 | 0.42 | 99 | Municipal Bonds | FRALX vs DNYMX |
See all 21 diversifiers for FRALX
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