Looking to diversify beyond FAUDX? The mutual funds below have historically moved differently from FAUDX, 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 FAUDX
21 mutual funds have low correlation with FAUDX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.04 | -0.00 | -0.01 | 100 | Ultrashort Bond | FAUDX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.08 | 0.04 | 0.14 | 100 | Ultrashort Bond | FAUDX vs NUSIX | |
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.01 | 0.03 | 82 | Semiconductors, Technology Equities | FAUDX vs FSELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.09 | 0.14 | 0.20 | 100 | Ultrashort Bond | FAUDX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.14 | 0.18 | 0.07 | 97 | Ultrashort Bond | FAUDX vs TSDUX |
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