Looking to diversify beyond FSIRX? The mutual funds below have historically moved differently from FSIRX, 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 FSIRX
27 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 0.37 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 | -0.02 | 0.12 | 0.37 | 66 | Diversified Portfolio | FSIRX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.10 | 0.25 | 0.33 | 99 | Diversified Portfolio | FSIRX vs STDAX | |
| Federated Hermes Capital Income Fund | 0.14 | 0.41 | 0.55 | 72 | Diversified Portfolio | FSIRX vs CAPAX | |
| Virtus Diversified Income & Convertible Fund | 0.22 | 0.34 | 0.41 | 64 | Diversified Portfolio, Convertible Bonds | FSIRX vs ACV | |
| Fidelity Select Semiconductors Portfolio | 0.22 | 0.31 | 0.37 | 80 | Semiconductors, Technology Equities | FSIRX vs FSELX |
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