Looking to diversify beyond FSATX? The mutual funds below have the lowest correlation with FSATX — 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 FSATX.
Best Diversifiers for FSATX
2 mutual funds have low correlation with FSATX (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 -0.19, 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... | -0.19 | 0.02 | 0.14 | 76 | Diversified Portfolio | FSATX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.19 | 0.51 | 63 | Diversified Portfolio | FSATX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.18 | 0.11 | 91 | Long-Short | FSATX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.64 | 95 | Diversified Portfolio | FSATX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.64 | 96 | Diversified Portfolio | FSATX vs FSIRX |
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