Looking to diversify beyond FRMOX? The mutual funds below have the lowest correlation with FRMOX — 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 FRMOX.
Best Diversifiers for FRMOX
13 mutual funds have low correlation with FRMOX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.19 | 0.21 | 97 | Municipal Bonds | FRMOX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.22 | 0.22 | 96 | Municipal Bonds | FRMOX vs DMREX | |
| Franklin Income Fund Advisor Class | 0.16 | 0.30 | 0.23 | 90 | Diversified Portfolio | FRMOX vs FRIAX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.31 | 0.40 | 99 | Municipal Bonds | FRMOX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.31 | 0.37 | 99 | Municipal Bonds | FRMOX vs USMSX |
See all 23 diversifiers for FRMOX
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