Looking to diversify beyond FISCX? The mutual funds below have the lowest correlation with FISCX — 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 FISCX.
Best Diversifiers for FISCX
2 mutual funds have low correlation with FISCX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia High Yield Municipal Fund (SRHMX) (High Yield Muni) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia High Yield Municipal Fund | 0.16 | 0.14 | 0.14 | 79 | High Yield Muni | FISCX vs SRHMX | |
| Columbia Strategic Municipal Income Fund | 0.19 | 0.16 | 0.15 | 66 | Municipal Bonds | FISCX vs INTAX | |
| MFS Emerging Markets Debt Fund | 0.38 | 0.34 | 0.35 | 84 | Emerging Markets Bonds | FISCX vs MEDIX | |
| Franklin Income Fund Advisor Class | 0.51 | 0.55 | 0.60 | 92 | Diversified Portfolio | FISCX vs FRIAX | |
| BlackRock Event Driven Equity Fund | 0.52 | 0.61 | 0.68 | 55 | Event Driven | FISCX vs BILPX |
See all 21 diversifiers for FISCX
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