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
2 mutual funds have low correlation with FASDX (below 0.3), 1 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 -0.02, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.15 | 0.47 | 66 | Diversified Portfolio | FASDX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.09 | 0.19 | 0.26 | 65 | Diversified Portfolio | FASDX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.42 | 99 | Diversified Portfolio | FASDX vs STDAX | |
| Fidelity Select Semiconductors Portfolio | 0.45 | 0.48 | 0.56 | 89 | Semiconductors, Technology Equities | FASDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.46 | 0.53 | 0.64 | 52 | Large Cap Growth Equities | FASDX vs FBGRX |
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