Looking to diversify beyond FAZYX? The mutual funds below have the lowest correlation with FAZYX — 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 FAZYX.
Best Diversifiers for FAZYX
1 mutual funds have low correlation with FAZYX (below 0.3), 0 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 0.02, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.17 | 0.46 | 64 | Diversified Portfolio | FAZYX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.65 | 96 | Diversified Portfolio | FAZYX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.64 | 95 | Diversified Portfolio | FAZYX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.64 | 96 | Diversified Portfolio | FAZYX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.59 | 0.65 | 96 | Diversified Portfolio | FAZYX vs FSRRX |
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