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
2 mutual funds have low correlation with FAYZX (below 0.3), 2 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 -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | 0.05 | 0.16 | 60 | Diversified Portfolio | FAYZX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.14 | 0.44 | 67 | Diversified Portfolio | FAYZX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.37 | 0.56 | 0.65 | 52 | Diversified Portfolio | FAYZX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.63 | 90 | Diversified Portfolio | FAYZX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.63 | 91 | Diversified Portfolio | FAYZX vs FIQDX |
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