Looking to diversify beyond FRORX? The mutual funds below have the lowest correlation with FRORX — 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 FRORX.
Best Diversifiers for FRORX
11 mutual funds have low correlation with FRORX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.27 | 0.36 | 99 | Municipal Bonds | FRORX vs DFSMX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.32 | 0.24 | 92 | Diversified Portfolio | FRORX vs FRIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | FRORX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.32 | 0.38 | 99 | Municipal Bonds | FRORX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.31 | 0.40 | 99 | Municipal Bonds | FRORX vs DNYMX |
See all 18 diversifiers for FRORX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FRORX
Add FRORX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FRORX