Looking to diversify beyond FASDX? The mutual funds below have the lowest correlation with FASDX — 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 FASDX.
Best Diversifiers for FASDX
1 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 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.17 | 0.48 | 67 | Diversified Portfolio | FASDX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.42 | 99 | Diversified Portfolio | FASDX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.47 | 0.55 | 0.55 | 81 | Diversified Portfolio | FASDX vs BLNDX | |
| Chartwell Income Fund | 0.48 | 0.54 | 0.60 | 58 | Diversified Portfolio | FASDX vs BERIX | |
| Fidelity Select Semiconductors Portfolio | 0.48 | 0.49 | 0.56 | 96 | Semiconductors, Technology Equities | FASDX vs FSELX |
See all 37 diversifiers for FASDX
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