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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.23, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.12 | 0.07 | 96 | Equity Market Neutral | FRAMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.15 | -0.11 | 51 | Systematic Trend | FRAMX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.58 | 0.53 | 0.57 | 50 | Technology Equities | FRAMX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.63 | 0.57 | 0.58 | 60 | Large Cap Growth Equities | FRAMX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.70 | — | — | 67 | Target Retirement Date | FRAMX vs FAELX |
See all 580 diversifiers for FRAMX
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