Looking to diversify beyond FRKMX? The mutual funds below have the lowest correlation with FRKMX — 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 FRKMX.
Best Diversifiers for FRKMX
1 mutual funds have low correlation with FRKMX (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 0.19, 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 | 0.19 | 0.11 | 0.06 | 92 | Long-Short | FRKMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.13 | -0.11 | 69 | Systematic Trend | FRKMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.57 | 0.58 | 71 | Large Cap Growth Equities | FRKMX vs NASDX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.71 | 0.68 | 0.59 | 65 | Target Retirement Date | FRKMX vs MURNX | |
| Voya Target Retirement 2065 Fund | 0.72 | 0.70 | 0.69 | 79 | Target Retirement Date | FRKMX vs VTIUX |
See all 607 diversifiers for FRKMX
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