Looking to diversify beyond FRQAX? The mutual funds below have the lowest correlation with FRQAX — 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 FRQAX.
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 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.22 | 0.12 | 0.07 | 96 | Equity Market Neutral | FRQAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.15 | -0.10 | 51 | Systematic Trend | FRQAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.63 | 0.58 | 0.61 | 59 | Large Cap Growth Equities | FRQAX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.69 | 0.68 | 0.68 | 66 | Target Retirement Date | FRQAX vs FAELX | |
| Voya Solution 2055 Portfolio | 0.70 | 0.70 | 0.71 | 70 | Target Retirement Date | FRQAX vs IISPX |
See all 529 diversifiers for FRQAX
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Diversification Analysis
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