Looking to diversify beyond FSAJX? The mutual funds below have historically moved differently from FSAJX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSAJX
15 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 -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.16 | 0.22 | 91 | Municipal Bonds | FSAJX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.24 | 94 | Municipal Bonds | FSAJX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.12 | 0.06 | 0.08 | 80 | Semiconductors, Technology Equities | FSAJX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.26 | 0.36 | 100 | Municipal Bonds | FSAJX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.17 | 0.14 | 59 | Large Cap Blend Equities | FSAJX vs FNILX |
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