Looking to diversify beyond FSIDX? The mutual funds below have historically moved differently from FSIDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSIDX
2 mutual funds have low correlation with FSIDX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.00, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.14 | 0.47 | 68 | Diversified Portfolio | FSIDX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.08 | 0.18 | 0.25 | 83 | Diversified Portfolio | FSIDX vs SIFAX | |
| Virtus Diversified Income & Convertible Fund | 0.37 | 0.51 | 0.56 | 65 | Diversified Portfolio, Convertible Bonds | FSIDX vs ACV | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.37 | 0.39 | 0.42 | 99 | Diversified Portfolio | FSIDX vs STDAX | |
| Fidelity Select Semiconductors Portfolio | 0.45 | 0.48 | 0.56 | 80 | Semiconductors, Technology Equities | FSIDX vs FSELX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSIDX
Add FSIDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSIDX