Looking to diversify beyond FRFZX? The mutual funds below have the lowest correlation with FRFZX — 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 FRFZX.
Best Diversifiers for FRFZX
22 mutual funds have low correlation with FRFZX (below 0.3), 2 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.08 | -0.03 | 0.07 | 81 | Commodities | FRFZX vs PQCMX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | 0.06 | 0.13 | 80 | Bank Loan | FRFZX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 98 | Bank Loan | FRFZX vs CAPIX | |
| PGIM Real Assets Fund | 0.10 | 0.17 | 0.24 | 90 | Diversified Portfolio | FRFZX vs PUDZX | |
| RiverPark Floating Rate CMBS Fund | 0.12 | 0.14 | 0.20 | 100 | Bank Loan | FRFZX vs RCRIX |
See all 94 diversifiers for FRFZX
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Diversification Analysis
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