Looking to diversify beyond FSMNX? The mutual funds below have the lowest correlation with FSMNX — 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 FSMNX.
Best Diversifiers for FSMNX
21 mutual funds have low correlation with FSMNX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.29, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.29 | -0.12 | -0.03 | 76 | Commodities | FSMNX vs FIFGX | |
| DFA California Municipal Real Return Portfolio | 0.01 | 0.20 | 0.23 | 96 | Municipal Bonds | FSMNX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.06 | 97 | Semiconductors, Technology Equities | FSMNX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.24 | 0.24 | 95 | Municipal Bonds | FSMNX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.13 | 0.31 | 0.38 | 99 | Municipal Bonds | FSMNX vs USMSX |
See all 33 diversifiers for FSMNX
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