Looking to diversify beyond FRORX? The mutual funds below have historically moved differently from FRORX, 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 FRORX
11 mutual funds have low correlation with FRORX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.21 | 0.31 | 0.24 | 93 | Diversified Portfolio | FRORX vs FRIAX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.28 | 0.28 | 100 | Municipal Bonds | FRORX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.28 | 0.36 | 100 | Municipal Bonds | FRORX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.32 | 0.39 | 98 | Municipal Bonds | FRORX vs USMSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.25 | 0.22 | 99 | Municipal Bonds | FRORX vs TFCYX |
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