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 0.18, 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 | 0.18 | 0.10 | 0.06 | 91 | Long-Short | FRQKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.14 | -0.09 | 67 | Systematic Trend | FRQKX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.58 | 0.61 | 76 | Large Cap Growth Equities | FRQKX vs NASDX | |
| Mutual of America 2055 Retirement Fund | 0.71 | 0.69 | 0.62 | 72 | Target Retirement Date | FRQKX vs MUROX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.71 | 0.69 | 0.62 | 72 | Target Retirement Date | FRQKX vs MURNX |
See all 595 diversifiers for FRQKX
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