Looking to diversify beyond FTBFX? The mutual funds below have historically moved differently from FTBFX, 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 FTBFX
38 mutual funds have low correlation with FTBFX (below 0.3), 6 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy HV Fund (QMHIX) (Systematic Trend) with a 1Y correlation of -0.36, roughly unchanged from -0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.36 | -0.27 | -0.44 | 83 | Systematic Trend | FTBFX vs QMHIX | |
| ProFunds UltraSector Oil & Gas Fund | -0.30 | -0.11 | -0.09 | 61 | Leveraged Equities | FTBFX vs ENPIX | |
| Fidelity Select Energy Portfolio | -0.29 | -0.09 | -0.08 | 88 | Energy Equities | FTBFX vs FSENX | |
| BlackRock Tactical Opportunities Fund | -0.28 | -0.17 | -0.19 | 81 | Multistrategy | FTBFX vs PCBAX | |
| Vanguard Commodity Strategy Fund Admiral Shares | -0.22 | -0.03 | 0.04 | 66 | Commodities | FTBFX vs VCMDX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTBFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.38, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.38 | -0.16 | -0.12 | 71 | Energy | |
| Exxon Mobil Corporation | -0.32 | -0.11 | -0.09 | 85 | Energy | |
| BP p.l.c. | -0.30 | -0.14 | -0.11 | 77 | Energy | |
| Occidental Petroleum Corporation | -0.30 | -0.13 | -0.10 | 68 | Energy | |
| Chevron Corporation | -0.30 | -0.13 | -0.10 | 76 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FTBFX
Add FTBFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTBFX