Looking to diversify beyond FAFSX? The mutual funds below have the lowest correlation with FAFSX — 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 FAFSX.
Best Diversifiers for FAFSX
3 mutual funds have low correlation with FAFSX (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 | FAFSX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.24 | 0.36 | 0.49 | 66 | Technology Equities | FAFSX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.12 | 0.07 | 95 | Long-Short | FAFSX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.38 | 0.44 | 0.54 | 70 | Large Cap Growth Equities | FAFSX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.50 | 0.58 | 0.64 | 79 | Diversified Portfolio | FAFSX vs FFANX |
See all 13 diversifiers for FAFSX
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