Looking to diversify beyond FAFDX? The mutual funds below have the lowest correlation with FAFDX — 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 FAFDX.
Best Diversifiers for FAFDX
3 mutual funds have low correlation with FAFDX (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 | 60 | Systematic Trend | FAFDX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.24 | 0.36 | 0.49 | 66 | Technology Equities | FAFDX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.24 | 0.12 | 0.07 | 95 | Long-Short | FAFDX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.38 | 0.44 | 0.54 | 70 | Large Cap Growth Equities | FAFDX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.50 | 0.58 | 0.64 | 79 | Diversified Portfolio | FAFDX vs FFANX |
See all 15 diversifiers for FAFDX
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