Looking to diversify beyond FCAZX? The mutual funds below have the lowest correlation with FCAZX — 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 FCAZX.
Best Diversifiers for FCAZX
8 mutual funds have low correlation with FCAZX (below 0.3), 1 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 -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.06 | 0.07 | 73 | Diversified Portfolio | FCAZX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.53 | 64 | Diversified Portfolio | FCAZX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.47 | 0.55 | 96 | Diversified Portfolio | FCAZX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.28 | 0.48 | 0.56 | 96 | Diversified Portfolio | FCAZX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.47 | 0.55 | 96 | Diversified Portfolio | FCAZX vs FIQDX |
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