Looking to diversify beyond FSAMX? The mutual funds below have the lowest correlation with FSAMX — 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 FSAMX.
Best Diversifiers for FSAMX
0 mutual funds have low correlation with FSAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.42, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.60 | 0.68 | 87 | Emerging Markets Diversified | FSAMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.56 | 0.59 | 0.65 | 62 | Emerging Markets Diversified | FSAMX vs WAEMX | |
| Fidelity ZERO Large Cap Index Fund | 0.57 | 0.58 | 0.61 | 63 | Large Cap Blend Equities | FSAMX vs FNILX | |
| Fidelity 500 Index Fund | 0.57 | 0.58 | 0.60 | 66 | S&P 500 | FSAMX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.57 | 0.58 | 0.61 | 65 | Large Cap Blend Equities | FSAMX vs FSKAX |
See all 33 diversifiers for FSAMX
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