Looking to diversify beyond FZFLX? The mutual funds below have historically moved differently from FZFLX, 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 FZFLX
0 mutual funds have low correlation with FZFLX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory RS Investors Fund (RSINX) (Mid Cap Blend Equities) with a 1Y correlation of 0.54, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory RS Investors Fund | 0.54 | 0.72 | 0.79 | 75 | Mid Cap Blend Equities | FZFLX vs RSINX | |
| Gabelli Value 25 Fund | 0.60 | 0.75 | 0.82 | 78 | Mid Cap Blend Equities | FZFLX vs GABVX | |
| Royce Dividend Value Fund | 0.62 | 0.80 | 0.86 | 65 | Mid Cap Blend Equities | FZFLX vs RYDVX | |
| 13D Activist Fund | 0.66 | 0.79 | 0.85 | 82 | Mid Cap Blend Equities | FZFLX vs DDDIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.67 | 0.81 | 0.89 | 68 | Mid Cap Blend Equities | FZFLX vs JECIX |
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