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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.23, 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 ... | 0.23 | 0.12 | 0.07 | 96 | Equity Market Neutral | FRKMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.15 | -0.11 | 58 | Systematic Trend | FRKMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.63 | 0.57 | 0.58 | 57 | Large Cap Growth Equities | FRKMX vs NASDX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.66 | 0.60 | 0.58 | 73 | Small Cap Blend Equities | FRKMX vs VTMSX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.70 | — | — | 65 | Target Retirement Date | FRKMX vs FAELX |
See all 563 diversifiers for FRKMX
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