Looking to diversify beyond FRBHX? The mutual funds below have historically moved differently from FRBHX, 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 FRBHX
0 mutual funds have low correlation with FRBHX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.78 | — | — | 80 | Semiconductors, Technology Equities | FRBHX vs FSELX | |
| Mutual of America Retirement Income Fund | 0.78 | — | — | 66 | Target Retirement Date | FRBHX vs MARMX | |
| Dimensional Retirement Income Fund | 0.79 | — | — | 81 | Target Retirement Date | FRBHX vs TDIFX | |
| BlackRock Retirement Income 2030 Fund | 0.80 | 0.77 | 0.77 | 56 | Target Retirement Date | FRBHX vs BRIAX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | — | — | 53 | Target Retirement Date | FRBHX vs DRIQX |
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