Looking to diversify beyond FAFCX? The mutual funds below have the lowest correlation with FAFCX — 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 FAFCX.
Best Diversifiers for FAFCX
2 mutual funds have low correlation with FAFCX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.21, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.21 | 0.15 | 0.10 | 54 | Systematic Trend | FAFCX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.13 | 0.07 | 94 | Long-Short | FAFCX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.38 | 0.44 | 0.54 | 53 | Large Cap Growth Equities | FAFCX vs NASDX | |
| Fidelity Asset Manager 70% Fund | 0.52 | 0.62 | 0.70 | 62 | Diversified Portfolio | FAFCX vs FASGX | |
| BlackRock LifePath Index 2055 Fund | 0.57 | 0.66 | 0.74 | 53 | Target Retirement Date | FAFCX vs LIVIX |
See all 11 diversifiers for FAFCX
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