Looking to diversify beyond FRCOX? The mutual funds below have the lowest correlation with FRCOX — 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 FRCOX.
Best Diversifiers for FRCOX
14 mutual funds have low correlation with FRCOX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.16 | 0.21 | 94 | Municipal Bonds | FRCOX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.20 | 0.23 | 94 | Municipal Bonds | FRCOX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.36 | 99 | Municipal Bonds | FRCOX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | FRCOX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.39 | 99 | Municipal Bonds | FRCOX vs USMSX |
See all 24 diversifiers for FRCOX
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