Looking to diversify beyond FRIMX? The mutual funds below have the lowest correlation with FRIMX — 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 FRIMX.
Best Diversifiers for FRIMX
1 mutual funds have low correlation with FRIMX (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 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.07 | 94 | Long-Short | FRIMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.15 | -0.11 | 54 | Systematic Trend | FRIMX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.61 | 0.54 | 0.57 | 50 | Technology Equities | FRIMX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.66 | 0.57 | 0.58 | 53 | Large Cap Growth Equities | FRIMX vs NASDX | |
| Voya Index Solution 2060 Portfolio | 0.72 | 0.70 | 0.69 | 72 | Target Retirement Date | FRIMX vs VISPX |
See all 548 diversifiers for FRIMX
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