Looking to diversify beyond FTHRX? The mutual funds below have historically moved differently from FTHRX, 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 FTHRX
64 mutual funds have low correlation with FTHRX (below 0.3), 6 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund - Class I (AQMIX) (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 Fund - Class I | -0.36 | -0.25 | -0.44 | 90 | Systematic Trend | FTHRX vs AQMIX | |
| Fidelity Select Energy Portfolio | -0.32 | -0.12 | -0.11 | 87 | Energy Equities | FTHRX vs FSENX | |
| Credit Suisse Trust Commodity Return Strategy Port... | -0.27 | -0.10 | -0.04 | 76 | Commodities | FTHRX vs CCRSX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.09 | -0.15 | -0.36 | 66 | Systematic Trend | FTHRX vs ASFYX | |
| AQR Long-Short Equity Fund | -0.01 | -0.08 | -0.13 | 78 | Long-Short | FTHRX vs QLEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTHRX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.33, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.33 | -0.14 | -0.12 | 70 | Energy | |
| Exxon Mobil Corporation | -0.33 | -0.13 | -0.12 | 84 | Energy | |
| ConocoPhillips Company | -0.33 | -0.16 | -0.14 | 72 | Energy | |
| BP p.l.c. | -0.29 | -0.13 | -0.13 | 84 | Energy | |
| Chevron Corporation | -0.27 | -0.13 | -0.12 | 80 | Energy |
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