Looking to diversify beyond FISAX? The mutual funds below have historically moved differently from FISAX, 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 FISAX
19 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 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.03 | 0.12 | 0.12 | 100 | Ultrashort Bond | FISAX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | 0.07 | -0.05 | 99 | Ultrashort Bond | FISAX vs TSDUX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.07 | 0.26 | 0.28 | 99 | Ultrashort Bond | FISAX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.07 | -0.01 | -0.02 | 100 | Ultrashort Bond | FISAX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.10 | 0.08 | 0.09 | 99 | Ultrashort Bond | FISAX vs CBUDX |
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