Looking to diversify beyond FRBEX? The mutual funds below have the lowest correlation with FRBEX — 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 FRBEX.
Best Diversifiers for FRBEX
0 mutual funds have low correlation with FRBEX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | — | — | 92 | Semiconductors, Technology Equities | FRBEX vs FSELX | |
| Mutual of America Retirement Income Fund | 0.77 | — | — | 66 | Target Retirement Date | FRBEX vs MARMX | |
| Dimensional Retirement Income Fund | 0.78 | — | — | 84 | Target Retirement Date | FRBEX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | — | — | 70 | Target Retirement Date | FRBEX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund | 0.80 | 0.79 | 0.79 | 82 | Target Retirement Date | FRBEX vs FIRQX |
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