Looking to diversify beyond FAOOX? The mutual funds below have historically moved differently from FAOOX, 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 FAOOX
0 mutual funds have low correlation with FAOOX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | FAOOX vs SVPFX | |
| Rock Oak Core Growth Fund | 0.54 | 0.70 | 0.79 | 89 | Large Cap Blend Equities | FAOOX vs RCKSX | |
| North Square Preferred and Income Securities Fund | 0.56 | 0.37 | 0.42 | 59 | Preferred Stock | FAOOX vs ORDNX | |
| American Funds The Income Fund of America Class A | 0.61 | 0.72 | 0.80 | 81 | Diversified Portfolio, Dividend | FAOOX vs AMECX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.63 | 0.78 | 0.86 | 87 | Large Cap Blend Equities | FAOOX vs RESGX |
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