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
33 mutual funds have low correlation with FRFZX (below 0.3), 3 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.04, 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 | -0.04 | -0.02 | 0.07 | 62 | Commodities | FRFZX vs PQCMX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.02 | 0.04 | 0.13 | 91 | Bank Loan | FRFZX vs XPTFX | |
| PGIM Jennison MLP Fund | -0.01 | 0.13 | 0.21 | 78 | Energy Equities | FRFZX vs PRPZX | |
| PGIM US Real Estate Fund | 0.08 | 0.20 | 0.23 | 58 | REIT | FRFZX vs PJEZX | |
| PGIM Real Assets Fund | 0.09 | 0.16 | 0.23 | 88 | Diversified Portfolio | FRFZX vs PUDZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRFZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRFZX and solid risk/return profiles. The least correlated is Alliant Energy Corporation (LNT) (Utilities) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliant Energy Corporation | -0.13 | 0.01 | 0.04 | 86 | Utilities | |
| American Electric Power Company, Inc. | -0.09 | 0.01 | 0.02 | 88 | Utilities | |
| National Grid plc | -0.06 | 0.02 | 0.05 | 73 | Utilities |
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