Looking to diversify beyond FSAAX? The mutual funds below have the lowest correlation with FSAAX — 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 FSAAX.
Best Diversifiers for FSAAX
2 mutual funds have low correlation with FSAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | 0.02 | 0.14 | 73 | Diversified Portfolio | FSAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.50 | 64 | Diversified Portfolio | FSAAX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.18 | 0.11 | 92 | Long-Short | FSAAX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.60 | 0.65 | 96 | Diversified Portfolio | FSAAX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.37 | 0.59 | 0.65 | 96 | Diversified Portfolio | FSAAX vs FSRRX |
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