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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) 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 Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.07 | 95 | Long-Short | FRQAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.15 | -0.09 | 60 | Systematic Trend | FRQAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.61 | 0.55 | 0.60 | 66 | Technology Equities | FRQAX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.66 | 0.58 | 0.61 | 70 | Large Cap Growth Equities | FRQAX vs NASDX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.73 | 0.69 | 0.62 | 72 | Target Retirement Date | FRQAX vs MURNX |
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