Looking to diversify beyond FSLTX? The mutual funds below have historically moved differently from FSLTX, 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 FSLTX
35 mutual funds have low correlation with FSLTX (below 0.3), 3 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of -0.08, down from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.08 | 0.06 | — | 97 | Multistrategy | FSLTX vs FCRIX | |
| GMO Alternative Allocation Fund | -0.06 | 0.03 | — | 92 | Multistrategy | FSLTX vs GAAVX | |
| Alpha Alternative Assets Fund | -0.06 | -0.09 | — | 57 | Multistrategy | FSLTX vs AAACX | |
| AQR Diversified Arbitrage Fund Class N | 0.04 | 0.10 | — | 99 | Multistrategy | FSLTX vs ADANX | |
| GuideStone Funds Strategic Alternatives Fund | 0.09 | 0.11 | — | 92 | Multistrategy | FSLTX vs GFSYX |
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