Looking to diversify beyond FRHMX? The mutual funds below have the lowest correlation with FRHMX — 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 FRHMX.
Best Diversifiers for FRHMX
1 mutual funds have low correlation with FRHMX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.18, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.18 | 0.11 | 0.06 | 91 | Long-Short | FRHMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.13 | -0.11 | 67 | Systematic Trend | FRHMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.57 | 0.58 | 76 | Large Cap Growth Equities | FRHMX vs NASDX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.71 | 0.68 | 0.59 | 72 | Target Retirement Date | FRHMX vs MURNX | |
| Mutual of America 2055 Retirement Fund | 0.71 | 0.68 | 0.59 | 72 | Target Retirement Date | FRHMX vs MUROX |
See all 596 diversifiers for FRHMX
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