Looking to diversify beyond FRSTX? The mutual funds below have the lowest correlation with FRSTX — 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 FRSTX.
Best Diversifiers for FRSTX
3 mutual funds have low correlation with FRSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.01 | 0.20 | 0.20 | 99 | Multisector Bonds | FRSTX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.05 | 0.23 | 0.21 | 99 | Multisector Bonds | FRSTX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.13 | 0.20 | 0.23 | 97 | Multisector Bonds | FRSTX vs CBLDX | |
| Fidelity 500 Index Fund | 0.33 | 0.29 | 0.33 | 63 | S&P 500 | FRSTX vs FXAIX | |
| Franklin Income Fund Class A1 | 0.42 | 0.53 | 0.56 | 80 | Diversified Portfolio | FRSTX vs FKINX |
See all 19 diversifiers for FRSTX
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