Looking to diversify beyond FRQIX? The mutual funds below have the lowest correlation with FRQIX — 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 FRQIX.
Best Diversifiers for FRQIX
1 mutual funds have low correlation with FRQIX (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 0.19, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.19 | 0.11 | 0.06 | 92 | Long-Short | FRQIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.14 | -0.09 | 67 | Systematic Trend | FRQIX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.58 | 0.62 | 75 | Large Cap Growth Equities | FRQIX vs NASDX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.71 | 0.69 | 0.62 | 68 | Target Retirement Date | FRQIX vs MURNX | |
| Mutual of America 2055 Retirement Fund | 0.72 | 0.69 | 0.62 | 67 | Target Retirement Date | FRQIX vs MUROX |
See all 621 diversifiers for FRQIX
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Diversification Analysis
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