Looking to diversify beyond FRIAX? The mutual funds below have the lowest correlation with FRIAX — 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 FRIAX.
Best Diversifiers for FRIAX
53 mutual funds have low correlation with FRIAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.44 | 67 | Diversified Portfolio | FRIAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.14 | 0.26 | 0.31 | 60 | Diversified Portfolio | FRIAX vs SIFAX | |
| Franklin Adjustable U.S. Government Securities Fun... | 0.16 | 0.24 | 0.22 | 96 | Ultrashort Bond | FRIAX vs FISAX | |
| Western Asset Short Duration Municipal Income Fund | 0.18 | 0.24 | 0.19 | 78 | Municipal Bonds | FRIAX vs SHDAX | |
| Templeton Emerging Markets Fund | 0.19 | 0.33 | 0.40 | 88 | Emerging Markets Equities | FRIAX vs EMF |
See all 135 diversifiers for FRIAX
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Diversification Analysis
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