Looking to diversify beyond FARSX? The mutual funds below have the lowest correlation with FARSX — 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 FARSX.
Best Diversifiers for FARSX
1 mutual funds have low correlation with FARSX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.22, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.13 | 0.08 | 92 | Long-Short | FARSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.44 | 0.18 | -0.04 | 67 | Systematic Trend | FARSX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.70 | 0.65 | 0.68 | 75 | Large Cap Growth Equities | FARSX vs NASDX | |
| iShares S&P 500 Index Fund | 0.78 | 0.72 | 0.74 | 73 | S&P 500 | FARSX vs WFSPX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.78 | 0.78 | 0.79 | 83 | Target Retirement Date | FARSX vs DRILX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FARSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FARSX and solid risk/return profiles. The least correlated is Ford Motor Company (F) (Consumer Cyclical) with a 1Y correlation of 0.43, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ford Motor Company | 0.43 | 0.40 | 0.48 | 82 | Consumer Cyclical |
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