Looking to diversify beyond FSANX? The mutual funds below have the lowest correlation with FSANX — 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 FSANX.
Best Diversifiers for FSANX
2 mutual funds have low correlation with FSANX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | 0.03 | 0.14 | 76 | Diversified Portfolio | FSANX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.19 | 0.51 | 63 | Diversified Portfolio | FSANX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.18 | 0.11 | 91 | Long-Short | FSANX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.64 | 96 | Diversified Portfolio | FSANX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.60 | 0.64 | 95 | Diversified Portfolio | FSANX vs FCSRX |
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