Looking to diversify beyond FSIDX? The mutual funds below have the lowest correlation with FSIDX — 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 FSIDX.
Best Diversifiers for FSIDX
1 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 0.01, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.17 | 0.48 | 70 | Diversified Portfolio | FSIDX vs MHELX | |
| Virtus Diversified Income & Convertible Fund | 0.37 | 0.53 | 0.57 | 61 | Diversified Portfolio | FSIDX vs ACV | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.42 | 99 | Diversified Portfolio | FSIDX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.47 | 0.55 | 0.55 | 82 | Diversified Portfolio | FSIDX vs BLNDX | |
| Fidelity Select Semiconductors Portfolio | 0.47 | 0.49 | 0.57 | 96 | Semiconductors, Technology Equities | FSIDX vs FSELX |
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