Looking to diversify beyond FASDX? The mutual funds below have historically moved differently from FASDX, 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 FASDX
2 mutual funds have low correlation with FASDX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.47 | 68 | Diversified Portfolio | FASDX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.05 | 0.17 | 0.25 | 83 | Diversified Portfolio | FASDX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.38 | 0.39 | 0.41 | 99 | Diversified Portfolio | FASDX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.44 | 0.54 | 0.54 | 87 | Diversified Portfolio | FASDX vs BLNDX | |
| Chartwell Income Fund | 0.46 | 0.53 | 0.59 | 80 | Diversified Portfolio | FASDX vs BERIX |
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