Looking to diversify beyond FAYZX? The mutual funds below have the lowest correlation with FAYZX — 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 FAYZX.
Best Diversifiers for FAYZX
1 mutual funds have low correlation with FAYZX (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 -0.00, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.15 | 0.44 | 67 | Diversified Portfolio | FAYZX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.64 | 86 | Diversified Portfolio | FAYZX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.64 | 82 | Diversified Portfolio | FAYZX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.63 | 88 | Diversified Portfolio | FAYZX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.41 | 0.58 | 0.64 | 87 | Diversified Portfolio | FAYZX vs FSRRX |
See all 35 diversifiers for FAYZX
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Diversification Analysis
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