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 0.18, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.18 | 0.10 | 0.06 | 92 | Long-Short | FRIMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.14 | -0.11 | 67 | Systematic Trend | FRIMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.57 | 0.58 | 75 | Large Cap Growth Equities | FRIMX vs NASDX | |
| Voya Solution 2055 Portfolio | 0.71 | 0.69 | 0.68 | 77 | Target Retirement Date | FRIMX vs IISPX | |
| Voya Target Retirement 2065 Fund | 0.71 | 0.70 | 0.69 | 82 | Target Retirement Date | FRIMX vs VTIUX |
See all 601 diversifiers for FRIMX
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