Looking to diversify beyond FAUDX? The mutual funds below have the lowest correlation with FAUDX — 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 FAUDX.
Best Diversifiers for FAUDX
24 mutual funds have low correlation with FAUDX (below 0.3), 0 of which are negatively correlated. The least correlated is Navigator Ultra Short Term Bond Fund (NUSIX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 0.04 | 0.03 | 0.13 | 100 | Ultrashort Bond | FAUDX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.04 | -0.02 | -0.01 | 100 | Ultrashort Bond | FAUDX vs TMPFX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.01 | 0.03 | 96 | Semiconductors, Technology Equities | FAUDX vs FSELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.09 | 0.17 | 0.20 | 99 | Ultrashort Bond | FAUDX vs ENIAX | |
| CrossingBridge Ultra-Short Duration Fund | 0.11 | 0.09 | — | 99 | Ultrashort Bond | FAUDX vs CBUDX |
See all 32 diversifiers for FAUDX
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