Looking to diversify beyond FNSTX? The mutual funds below have the lowest correlation with FNSTX — 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 FNSTX.
Best Diversifiers for FNSTX
5 mutual funds have low correlation with FNSTX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | — | — | 100 | Nontraditional Bonds | FNSTX vs CBYYX | |
| MainStay MacKay High Yield Municipal Bond Fund | 0.11 | 0.21 | 0.19 | 73 | High Yield Muni | FNSTX vs MMHVX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.13 | 0.35 | 0.55 | 56 | Large Cap Blend Equities | FNSTX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.22 | 0.22 | 0.21 | 73 | Large Cap Blend Equities | FNSTX vs SVPFX | |
| AQR Alternative Risk Premia Fund Class N | 0.23 | 0.14 | -0.03 | 97 | Multistrategy | FNSTX vs QRPNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNSTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNSTX and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of 0.27, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | 0.27 | 0.49 | 0.53 | 66 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.51 | 0.55 | 0.59 | 63 | Financial Services |
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