Looking to diversify beyond FSIRX? The mutual funds below have the lowest correlation with FSIRX — 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 FSIRX.
Best Diversifiers for FSIRX
33 mutual funds have low correlation with FSIRX (below 0.3), 1 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 -0.02, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.15 | 0.38 | 67 | Diversified Portfolio | FSIRX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.11 | 0.43 | 0.56 | 83 | Diversified Portfolio | FSIRX vs CAPAX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.31 | 0.41 | 73 | Large Cap Growth Equities | FSIRX vs FBGRX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.16 | 0.29 | 0.35 | 99 | Diversified Portfolio | FSIRX vs STDAX | |
| Fidelity Select Semiconductors Portfolio | 0.20 | 0.31 | 0.38 | 96 | Semiconductors, Technology Equities | FSIRX vs FSELX |
See all 379 diversifiers for FSIRX
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