Looking to diversify beyond FAYZX? The mutual funds below have historically moved differently from FAYZX, 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 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 -0.16, down from 0.14 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... | -0.16 | 0.02 | 0.14 | 83 | Diversified Portfolio | FAYZX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.11 | 0.42 | 66 | Diversified Portfolio | FAYZX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.34 | 0.54 | 0.64 | 77 | Diversified Portfolio | FAYZX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.55 | 0.62 | 89 | Diversified Portfolio | FAYZX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.61 | 91 | Diversified Portfolio | FAYZX vs FIQDX |
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