Looking to diversify beyond FRQKX? The mutual funds below have the lowest correlation with FRQKX — 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 FRQKX.
Best Diversifiers for FRQKX
1 mutual funds have low correlation with FRQKX (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 0.21, 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 | 0.21 | 0.12 | 0.07 | 94 | Long-Short | FRQKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.15 | -0.09 | 54 | Systematic Trend | FRQKX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.60 | 0.55 | 0.60 | 50 | Technology Equities | FRQKX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.58 | 0.61 | 53 | Large Cap Growth Equities | FRQKX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.72 | — | — | 69 | Target Retirement Date | FRQKX vs FAELX |
See all 547 diversifiers for FRQKX
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