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 Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.26 | 0.26 | 90 | Inflation-Protected Bonds | FSAHX vs VTSPX | |
| Pioneer ILS Interval Fund | 0.10 | 0.10 | 0.07 | 100 | High Yield Bonds | FSAHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.11 | 0.12 | 100 | High Yield Bonds | FSAHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.20 | 0.26 | 100 | High Yield Bonds | FSAHX vs RPHIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.25 | 0.29 | 0.29 | 99 | Short-Term Bond | FSAHX vs DHEAX |
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