Looking to diversify beyond FISMX? The mutual funds below have the lowest correlation with FISMX — 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 FISMX.
Best Diversifiers for FISMX
3 mutual funds have low correlation with FISMX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund (AQMIX) (Systematic Trend) with a 1Y correlation of 0.06, up from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | 0.06 | -0.00 | -0.13 | 90 | Systematic Trend | FISMX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | 0.09 | 0.01 | -0.11 | 89 | Systematic Trend | FISMX vs AQMNX | |
| BlackRock Global Equity Market Neutral Fund | 0.27 | 0.12 | 0.07 | 95 | Equity Market Neutral | FISMX vs BDMAX | |
| AQR Diversifying Strategies Fund Class N | 0.35 | 0.31 | 0.18 | 88 | Tactical Allocation | FISMX vs QDSNX | |
| JPMorgan Income Fund | 0.36 | 0.36 | 0.40 | 81 | Multisector Bonds | FISMX vs JMSIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FISMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FISMX and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.20 | 0.19 | 0.18 | 75 | Healthcare | |
| First Horizon Corporation | 0.26 | 0.34 | 0.36 | 71 | Financial Services | |
| QUALCOMM Incorporated | 0.48 | 0.49 | 0.54 | 71 | Technology |
Build a portfolio that complements FISMX
Add FISMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FISMX