Looking to diversify beyond FTBFX? The mutual funds below have the lowest correlation with FTBFX — 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 FTBFX.
Best Diversifiers for FTBFX
51 mutual funds have low correlation with FTBFX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of -0.29, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.29 | -0.18 | -0.20 | 79 | Macro Trading | FTBFX vs PCBAX | |
| AQR Managed Futures Strategy HV Fund | -0.28 | -0.28 | -0.45 | 87 | Systematic Trend | FTBFX vs QMHIX | |
| BlackRock Global Equity Market Neutral Fund | 0.03 | 0.01 | 0.00 | 96 | Equity Market Neutral | FTBFX vs BDMAX | |
| Aegis Value Fund | 0.07 | 0.12 | 0.11 | 89 | Small Cap Value Equities | FTBFX vs AVALX | |
| AQR Long-Short Equity Fund | 0.07 | -0.04 | -0.11 | 57 | Long-Short | FTBFX vs QLEIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTBFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTBFX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.30, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.30 | -0.10 | -0.11 | 65 | Energy | |
| Exxon Mobil Corporation | -0.24 | -0.07 | -0.08 | 72 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.10 | 70 | Energy | |
| BP p.l.c. | -0.22 | -0.09 | -0.10 | 77 | Energy | |
| Energy Transfer LP | -0.18 | -0.01 | -0.03 | 72 | Energy |
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Build a portfolio that complements FTBFX
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