Looking to diversify beyond FRAMX? The mutual funds below have the lowest correlation with FRAMX — 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 FRAMX.
Best Diversifiers for FRAMX
1 mutual funds have low correlation with FRAMX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.18, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.18 | 0.10 | 0.06 | 91 | Long-Short | FRAMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.42 | 0.13 | -0.11 | 67 | Systematic Trend | FRAMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.57 | 0.58 | 76 | Large Cap Growth Equities | FRAMX vs NASDX | |
| Mutual of America 2055 Retirement Fund | 0.71 | 0.68 | 0.59 | 72 | Target Retirement Date | FRAMX vs MUROX | |
| Voya Solution 2055 Portfolio | 0.71 | 0.69 | 0.68 | 81 | Target Retirement Date | FRAMX vs IISPX |
See all 506 diversifiers for FRAMX
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