Looking to diversify beyond FASMX? The mutual funds below have historically moved differently from FASMX, 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 FASMX
2 mutual funds have low correlation with FASMX (below 0.3), 1 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 -0.25, down from 0.11 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... | -0.25 | -0.02 | 0.11 | 83 | Diversified Portfolio | FASMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.47 | 66 | Diversified Portfolio | FASMX vs MHELX | |
| Concorde Wealth Management Fund | 0.34 | 0.56 | 0.67 | 83 | Diversified Portfolio | FASMX vs CONWX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.19 | 0.12 | 97 | Equity Market Neutral | FASMX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.37 | 0.20 | 0.12 | 97 | Equity Market Neutral | FASMX vs BDMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FASMX, 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 Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of -0.13, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | -0.13 | 0.10 | 0.21 | 81 | Energy | |
| Energy Transfer LP | -0.10 | 0.22 | 0.33 | 81 | Energy |
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