Looking to diversify beyond FRVLX? The mutual funds below have historically moved differently from FRVLX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FRVLX
0 mutual funds have low correlation with FRVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.39, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.39 | 0.46 | 0.56 | 94 | Small Cap Value Equities | FRVLX vs AVALX | |
| American Funds New World Fund® Class R-6 | 0.54 | 0.59 | 0.67 | 55 | Emerging Markets Equities | FRVLX vs RNWGX | |
| Palm Valley Capital Fund Investor Class | 0.58 | 0.63 | 0.63 | 73 | Small Cap Value Equities | FRVLX vs PVCMX | |
| Franklin Income Fund Class A1 | 0.58 | 0.61 | 0.68 | 87 | Diversified Portfolio | FRVLX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.59 | 0.61 | 0.68 | 93 | Diversified Portfolio | FRVLX vs FRIAX |
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