Looking to diversify beyond FAASX? The mutual funds below have the lowest correlation with FAASX — 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 FAASX.
Best Diversifiers for FAASX
2 mutual funds have low correlation with FAASX (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 -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.02 | 0.11 | 60 | Diversified Portfolio | FAASX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.49 | 67 | Diversified Portfolio | FAASX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.35 | 0.19 | 0.12 | 96 | Equity Market Neutral | FAASX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.63 | 86 | Diversified Portfolio | FAASX vs FCSRX | |
| Concorde Wealth Management Fund | 0.39 | 0.60 | 0.71 | 73 | Diversified Portfolio | FAASX vs CONWX |
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