Looking to diversify beyond FTRFX? The mutual funds below have the lowest correlation with FTRFX — 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 FTRFX.
Best Diversifiers for FTRFX
3 mutual funds have low correlation with FTRFX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.17, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.17 | 0.67 | 0.78 | 73 | Intermediate Core-Plus Bond | FTRFX vs GUGAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.26 | 0.18 | 82 | Large Cap Value Equities | FTRFX vs SVAIX | |
| Vanguard Information Technology Index Fund Admiral... | 0.20 | 0.13 | 0.13 | 51 | Technology Equities | FTRFX vs VITAX | |
| Vanguard 500 Index Fund Admiral Shares | 0.31 | 0.20 | 0.16 | 52 | S&P 500, Large Cap Blend Equities | FTRFX vs VFIAX | |
| Holbrook Income Fund Class I | 0.36 | 0.36 | 0.40 | 98 | Intermediate Core-Plus Bond | FTRFX vs HOBIX |
See all 12 diversifiers for FTRFX
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