Looking to diversify beyond FTHRX? The mutual funds below have the lowest correlation with FTHRX — 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 FTHRX.
Best Diversifiers for FTHRX
75 mutual funds have low correlation with FTHRX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund (AQMIX) (Systematic Trend) with a 1Y correlation of -0.27, up from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | -0.27 | -0.26 | -0.45 | 90 | Systematic Trend | FTHRX vs AQMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.01 | -0.15 | -0.36 | 60 | Systematic Trend | FTHRX vs ASFYX | |
| AQR Long-Short Equity Fund | 0.05 | -0.08 | -0.13 | 53 | Long-Short | FTHRX vs QLEIX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.03 | 0.04 | 96 | Semiconductors, Technology Equities | FTHRX vs FSELX | |
| Fidelity Select Technology Portfolio | 0.09 | 0.07 | 0.05 | 89 | Technology Equities | FTHRX vs FSPTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTHRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTHRX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.28, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.28 | -0.11 | -0.13 | 61 | Energy | |
| Exxon Mobil Corporation | -0.25 | -0.09 | -0.11 | 68 | Energy | |
| Chevron Corporation | -0.24 | -0.09 | -0.12 | 68 | Energy | |
| BP p.l.c. | -0.22 | -0.09 | -0.12 | 76 | Energy | |
| Energy Transfer LP | -0.18 | -0.05 | -0.07 | 67 | Energy |
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Build a portfolio that complements FTHRX
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