Looking to diversify beyond FSLTX? The mutual funds below have the lowest correlation with FSLTX — 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 FSLTX.
Best Diversifiers for FSLTX
28 mutual funds have low correlation with FSLTX (below 0.3), 1 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.03 | 0.07 | 0.10 | 96 | Multistrategy | FSLTX vs FCRIX | |
| GMO Alternative Allocation Fund | 0.01 | 0.04 | — | 66 | Multistrategy | FSLTX vs GAAVX | |
| AQR Diversified Arbitrage Fund Class N | 0.02 | 0.10 | — | 99 | Multistrategy | FSLTX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 0.05 | 0.17 | — | 77 | Multistrategy | FSLTX vs TMSRX | |
| AQR Diversified Arbitrage Fund Class I | 0.07 | 0.13 | — | 99 | Multistrategy | FSLTX vs ADAIX |
See all 43 diversifiers for FSLTX
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