Looking to diversify beyond FSAMX? The mutual funds below have historically moved differently from FSAMX, 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 FSAMX
2 mutual funds have low correlation with FSAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.12, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.12 | 0.45 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FSAMX vs GSIYX | |
| The Cook & Bynum Fund | 0.16 | 0.36 | 0.45 | 66 | Emerging Markets Equities | FSAMX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.37 | 0.58 | 0.67 | 92 | Emerging Markets Equities | FSAMX vs ESCIX | |
| Fidelity International Index Fund | 0.58 | 0.61 | 0.69 | 70 | Foreign Large Cap Equities | FSAMX vs FSPSX | |
| Fidelity 500 Index Fund | 0.61 | 0.58 | 0.61 | 64 | S&P 500 | FSAMX vs FXAIX |
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