Looking to diversify beyond FRQAX? The mutual funds below have historically moved differently from FRQAX, 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 FRQAX
1 mutual funds have low correlation with FRQAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.21, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.21 | 0.11 | 0.07 | 97 | Equity Market Neutral | FRQAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.38 | 0.16 | -0.10 | 66 | Systematic Trend | FRQAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.52 | 0.51 | 0.53 | 64 | Derivative Income | FRQAX vs BDJ | |
| Connecticut Higher Education Trust 529 College Sav... | 0.67 | — | — | 59 | Target Retirement Date | FRQAX vs FAELX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.67 | 0.68 | 0.62 | 72 | Target Retirement Date | FRQAX vs MURNX |
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