Looking to diversify beyond FTRFX? The mutual funds below have historically moved differently from FTRFX, 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 FTRFX
2 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 0.15, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.15 | 0.65 | 0.77 | 76 | Intermediate Core-Plus Bond | FTRFX vs GUGAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.24 | 0.18 | 95 | Large Cap Value Equities | FTRFX vs SVAIX | |
| Vanguard 500 Index Fund Admiral Shares | 0.33 | 0.19 | 0.17 | 75 | S&P 500, Large Cap Blend Equities | FTRFX vs VFIAX | |
| Vanguard Small-Cap Index Fund Admiral Shares | 0.36 | 0.22 | 0.18 | 72 | Small Cap Blend Equities | FTRFX vs VSMAX | |
| Federated Hermes MDT All Cap Core Fund | 0.38 | 0.23 | 0.18 | 52 | Large Cap Blend Equities | FTRFX vs QIACX |
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