Looking to diversify beyond FISAX? The mutual funds below have the lowest correlation with FISAX — 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 FISAX.
Best Diversifiers for FISAX
18 mutual funds have low correlation with FISAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.03 | 0.13 | 0.11 | 99 | Ultrashort Bond | FISAX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | 0.06 | -0.05 | 98 | Ultrashort Bond | FISAX vs TSDUX | |
| CrossingBridge Ultra-Short Duration Fund | 0.02 | 0.08 | — | 99 | Ultrashort Bond | FISAX vs CBUDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.04 | 0.29 | 0.28 | 99 | Ultrashort Bond | FISAX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.09 | -0.01 | -0.02 | 100 | Ultrashort Bond | FISAX vs TMPFX |
See all 28 diversifiers for FISAX
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