Looking to diversify beyond FTRNX? The mutual funds below have the lowest correlation with FTRNX — 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 FTRNX.
Best Diversifiers for FTRNX
0 mutual funds have low correlation with FTRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Wellesley Income Fund Admiral Shares (VWIAX) (Diversified Portfolio) with a 1Y correlation of 0.41, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Wellesley Income Fund Admiral Shares | 0.41 | 0.41 | 0.50 | 57 | Diversified Portfolio | FTRNX vs VWIAX | |
| Baron Partners Fund | 0.47 | 0.59 | 0.69 | 59 | Large Cap Growth Equities | FTRNX vs BPTRX | |
| Fidelity Blue Chip Value Fund | 0.57 | 0.43 | 0.54 | 90 | Large Cap Value Equities | FTRNX vs FBCVX | |
| Fidelity Value Fund | 0.57 | 0.57 | 0.66 | 79 | Mid Cap Value Equities | FTRNX vs FDVLX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.68 | 0.75 | 83 | Large Cap Growth Equities | FTRNX vs DNVYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTRNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTRNX and solid risk/return profiles. The least correlated is Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of 0.59, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | 0.59 | 0.55 | 0.51 | 97 | Industrials |
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