Looking to diversify beyond FSBDX? The mutual funds below have the lowest correlation with FSBDX — 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 FSBDX.
Best Diversifiers for FSBDX
0 mutual funds have low correlation with FSBDX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis New York Venture Fund Class Y (DNVYX) (Large Cap Growth Equities) with a 1Y correlation of 0.60, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis New York Venture Fund Class Y | 0.60 | 0.69 | 0.76 | 80 | Large Cap Growth Equities | FSBDX vs DNVYX | |
| ICON Equity Fund | 0.60 | 0.57 | 0.70 | 85 | Large Cap Growth Equities | FSBDX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.66 | 0.63 | 0.69 | 65 | Foreign Large Cap Equities | FSBDX vs VTMGX | |
| Fidelity ZERO International Index Fund | 0.72 | 0.66 | 0.70 | 70 | Foreign Large Cap Equities | FSBDX vs FZILX | |
| Fidelity Total International Index Fund | 0.72 | 0.67 | 0.70 | 66 | Foreign Large Cap Equities | FSBDX vs FTIHX |
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