Looking to diversify beyond FRNRX? The mutual funds below have the lowest correlation with FRNRX — 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 FRNRX.
Best Diversifiers for FRNRX
0 mutual funds have low correlation with FRNRX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.40, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.40 | 0.50 | 0.52 | 58 | Energy Equities | FRNRX vs JEEIX | |
| Franklin Income Fund Advisor Class | 0.40 | 0.51 | 0.57 | 87 | Diversified Portfolio | FRNRX vs FRIAX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.41 | 0.49 | 0.52 | 54 | Energy Equities | FRNRX vs CSUIX | |
| ClearBridge Global Infrastructure Income Fund | 0.41 | 0.43 | 0.50 | 54 | Energy Equities | FRNRX vs RGSVX | |
| Nuveen Global Infrastructure Fund | 0.43 | 0.52 | 0.57 | 50 | Energy Equities | FRNRX vs FGIYX |
See all 34 diversifiers for FRNRX
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