Looking to diversify beyond FRQHX? The mutual funds below have the lowest correlation with FRQHX — 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 FRQHX.
Best Diversifiers for FRQHX
1 mutual funds have low correlation with FRQHX (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 | 94 | Long-Short | FRQHX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.15 | -0.09 | 54 | Systematic Trend | FRQHX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.61 | 0.55 | 0.61 | 50 | Technology Equities | FRQHX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.66 | 0.58 | 0.61 | 53 | Large Cap Growth Equities | FRQHX vs NASDX | |
| Voya Solution 2055 Portfolio | 0.72 | 0.71 | 0.72 | 68 | Target Retirement Date | FRQHX vs IISPX |
See all 553 diversifiers for FRQHX
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