Looking to diversify beyond FRIMX? The mutual funds below have historically moved differently from FRIMX, 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 FRIMX
1 mutual funds have low correlation with FRIMX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.22, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.22 | 0.11 | 0.07 | 98 | Equity Market Neutral | FRIMX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.39 | 0.16 | -0.12 | 63 | Systematic Trend | FRIMX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.53 | 0.50 | 0.50 | 64 | Derivative Income | FRIMX vs BDJ | |
| Connecticut Higher Education Trust 529 College Sav... | 0.67 | — | — | 59 | Target Retirement Date | FRIMX vs FAELX | |
| Voya Target Retirement 2065 Fund | 0.67 | 0.68 | 0.68 | 80 | Target Retirement Date | FRIMX vs VTIUX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRIMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.43 | 0.45 | 0.52 | 88 |
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