Looking to diversify beyond FSAJX? The mutual funds below have the lowest correlation with FSAJX — 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 FSAJX.
Best Diversifiers for FSAJX
18 mutual funds have low correlation with FSAJX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.18 | 0.21 | 96 | Municipal Bonds | FSAJX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.21 | 0.22 | 95 | Municipal Bonds | FSAJX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.06 | 0.07 | 97 | Semiconductors, Technology Equities | FSAJX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.11 | 0.10 | 75 | Large Cap Growth Equities | FSAJX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.36 | 99 | Municipal Bonds | FSAJX vs DFSMX |
See all 31 diversifiers for FSAJX
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