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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) 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 Equity Market Neutral Fund Class ... | 0.22 | 0.11 | 0.07 | 96 | Equity Market Neutral | FRIMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.16 | -0.11 | 56 | Systematic Trend | FRIMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.62 | 0.56 | 0.58 | 53 | Large Cap Growth Equities | FRIMX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.69 | — | — | 58 | Target Retirement Date | FRIMX vs FAELX | |
| Voya Index Solution 2055 Portfolio | 0.70 | 0.69 | 0.68 | 71 | Target Retirement Date | FRIMX vs IISNX |
See all 547 diversifiers for FRIMX
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