Looking to diversify beyond FSIAX? The mutual funds below have the lowest correlation with FSIAX — 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 FSIAX.
Best Diversifiers for FSIAX
2 mutual funds have low correlation with FSIAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.17, up from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.22 | -0.26 | 99 | Total Bond Market | FSIAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.29 | 0.37 | 0.44 | 99 | Total Bond Market | FSIAX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.31 | 0.31 | 0.31 | 99 | Total Bond Market | FSIAX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.36 | 0.37 | 0.34 | 99 | Total Bond Market | FSIAX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.36 | 0.44 | 0.50 | 100 | Total Bond Market | FSIAX vs VUSFX |
See all 38 diversifiers for FSIAX
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