Looking to diversify beyond FASGX? The mutual funds below have historically moved differently from FASGX, 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 FASGX
24 mutual funds have low correlation with FASGX (below 0.3), 4 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.04 | 0.09 | 83 | Diversified Portfolio | FASGX vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.08 | 0.19 | 0.33 | 81 | Energy Equities | FASGX vs BACAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.08 | -0.01 | 0.01 | 99 | Municipal Bonds | FASGX vs TFCYX | |
| BlackRock Energy Opportunities Fund | -0.08 | 0.19 | 0.33 | 82 | Energy Equities | FASGX vs BACIX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.48 | 68 | Diversified Portfolio | FASGX vs MHELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FASGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.17 | 0.01 | 0.13 | 66 | Communication Services | |
| Bank of America Corporation | 0.39 | 0.46 | 0.54 | 85 | Financial Services | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.64 | 0.69 | 0.76 | 89 |
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