Looking to diversify beyond FRIAX? The mutual funds below have historically moved differently from FRIAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.10, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.15 | 0.43 | 66 | Diversified Portfolio | FRIAX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.10 | 0.24 | 0.30 | 83 | Diversified Portfolio | FRIAX vs SIFAX | |
| Franklin Adjustable U.S. Government Securities Fun... | 0.14 | 0.22 | 0.21 | 97 | Ultrashort Bond | FRIAX vs FISAX | |
| Franklin Templeton SMACS: Series EM | 0.17 | 0.34 | — | 87 | Emerging Markets Equities | FRIAX vs FQEMX | |
| Templeton Emerging Markets Fund | 0.18 | 0.32 | 0.40 | 81 | Emerging Markets Equities | FRIAX vs EMF |
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