Looking to diversify beyond FAFDX? The mutual funds below have historically moved differently from FAFDX, 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 FAFDX
2 mutual funds have low correlation with FAFDX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.19 | 0.15 | 0.08 | 66 | Systematic Trend | FAFDX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.11 | 0.06 | 97 | Equity Market Neutral | FAFDX vs BDMIX | |
| Fidelity Asset Manager 40% Fund | 0.44 | 0.56 | 0.63 | 78 | Diversified Portfolio | FAFDX vs FFANX | |
| Fidelity Asset Manager 70% Fund | 0.46 | 0.60 | 0.69 | 75 | Diversified Portfolio, Actively Managed | FAFDX vs FASGX | |
| Fidelity Asset Manager 85% Fund | 0.47 | 0.61 | 0.70 | 74 | Diversified Portfolio | FAFDX vs FAMRX |
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