Looking to diversify beyond FAAIX? The mutual funds below have the lowest correlation with FAAIX — 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 FAAIX.
Best Diversifiers for FAAIX
2 mutual funds have low correlation with FAAIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | 0.01 | 0.13 | 73 | Diversified Portfolio | FAAIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.19 | 0.51 | 64 | Diversified Portfolio | FAAIX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.18 | 0.11 | 92 | Long-Short | FAAIX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.58 | 0.64 | 96 | Diversified Portfolio | FAAIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.58 | 0.64 | 95 | Diversified Portfolio | FAAIX vs FCSRX |
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