Looking to diversify beyond FNSHX? The mutual funds below have historically moved differently from FNSHX, 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 FNSHX
0 mutual funds have low correlation with FNSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen High Dividend Equity Fund (CHDEX) (Large Cap Value Equities) with a 1Y correlation of 0.47, roughly unchanged from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen High Dividend Equity Fund | 0.47 | 0.51 | 0.52 | 91 | Large Cap Value Equities | FNSHX vs CHDEX | |
| Allspring Short-Term Bond Plus Fund | 0.53 | 0.58 | 0.62 | 71 | Short-Term Bond | FNSHX vs SSHIX | |
| Cullen International High Dividend Fund | 0.61 | 0.59 | 0.60 | 78 | Foreign Large Cap Equities | FNSHX vs CIHIX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.50 | 0.51 | 82 | Semiconductors, Technology Equities | FNSHX vs FSELX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.76 | 0.68 | 0.60 | 73 | Target Retirement Date | FNSHX vs MURNX |
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