Looking to diversify beyond FMRAX? The mutual funds below have the lowest correlation with FMRAX — 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 FMRAX.
Best Diversifiers for FMRAX
1 mutual funds have low correlation with FMRAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.25, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.15 | 0.10 | 92 | Long-Short | FMRAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.25 | 0.04 | 69 | Systematic Trend | FMRAX vs ASFYX | |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 0.72 | 0.76 | 0.81 | 76 | Large Cap Blend Equities | FMRAX vs FCTDX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.80 | 0.75 | 0.78 | 71 | Large Cap Growth Equities | FMRAX vs NASDX | |
| Dimensional Retirement Income Fund | 0.82 | 0.90 | 0.87 | 81 | Target Retirement Date | FMRAX vs TDIFX |
See all 62 diversifiers for FMRAX
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