Looking to diversify beyond FRNRX? The mutual funds below have historically moved differently from FRNRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.31, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.31 | 0.38 | 0.53 | 53 | Energy Equities | FRNRX vs SRV | |
| Franklin Income Fund Advisor Class | 0.34 | 0.49 | 0.56 | 94 | Diversified Portfolio | FRNRX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.37 | 0.47 | 0.55 | 91 | Diversified Portfolio | FRNRX vs FKINX | |
| Virtus Duff & Phelps Global Infrastructure Fund | 0.38 | 0.44 | 0.51 | 56 | Infrastructure Equities, Energy Equities | FRNRX vs PGUAX | |
| Kayne Anderson Energy Infrastructure Fund | 0.39 | 0.53 | 0.68 | 57 | Infrastructure Equities, Energy Equities | FRNRX vs KYN |
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