Looking to diversify beyond FSAHX? The mutual funds below have the lowest correlation with FSAHX — 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 FSAHX.
Best Diversifiers for FSAHX
6 mutual funds have low correlation with FSAHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.09 | 0.11 | 0.12 | 100 | High Yield Bonds | FSAHX vs CCLFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.27 | 0.26 | 89 | Inflation-Protected Bonds | FSAHX vs VTSPX | |
| Pioneer ILS Interval Fund | 0.12 | 0.10 | 0.07 | 100 | High Yield Bonds | FSAHX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.23 | 0.19 | 0.26 | 99 | High Yield Bonds | FSAHX vs RPHIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.23 | 0.05 | -0.09 | 60 | Systematic Trend | FSAHX vs ASFYX |
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