Looking to diversify beyond FRALX? The mutual funds below have historically moved differently from FRALX, 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 FRALX
13 mutual funds have low correlation with FRALX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.16 | 0.21 | 89 | Municipal Bonds | FRALX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.18 | 0.23 | 92 | Municipal Bonds | FRALX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.37 | 100 | Municipal Bonds | FRALX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.31 | 0.38 | 98 | Municipal Bonds | FRALX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.28 | — | 99 | Municipal Bonds | FRALX vs DFABX |
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