Looking to diversify beyond FRNKX? The mutual funds below have the lowest correlation with FRNKX — 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 FRNKX.
Best Diversifiers for FRNKX
0 mutual funds have low correlation with FRNKX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) (Mid Cap Value Equities) with a 1Y correlation of 0.62, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.62 | 0.69 | 0.72 | 91 | Mid Cap Value Equities | FRNKX vs SMVTX | |
| Invesco Value Opportunities Fund Class Y | 0.62 | 0.70 | 0.75 | 81 | Mid Cap Value Equities | FRNKX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.62 | 0.70 | 0.75 | 81 | Mid Cap Value Equities | FRNKX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.62 | 0.69 | 0.75 | 81 | Mid Cap Value Equities | FRNKX vs UMCVX | |
| Ariel Focus Fund | 0.64 | 0.72 | 0.76 | 76 | Mid Cap Value Equities | FRNKX vs ARFFX |
See all 48 diversifiers for FRNKX
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