Looking to diversify beyond FSHYX? The mutual funds below have the lowest correlation with FSHYX — 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 FSHYX.
Best Diversifiers for FSHYX
14 mutual funds have low correlation with FSHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.13 | 0.13 | 0.07 | 84 | Mid Cap Value Equities | FSHYX vs FASEX | |
| Nuveen Equity Index Fund Class I | 0.13 | 0.13 | 0.08 | 68 | Large Cap Blend Equities | FSHYX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.15 | 0.14 | 0.11 | 66 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FSHYX vs QQQX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.20 | 0.22 | 0.18 | 79 | Diversified Portfolio, Municipal Bonds | FSHYX vs VTMFX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.34 | 0.41 | 99 | Municipal Bonds | FSHYX vs USMSX |
See all 26 diversifiers for FSHYX
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