Looking to diversify beyond FSNIX? The mutual funds below have the lowest correlation with FSNIX — 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 FSNIX.
Best Diversifiers for FSNIX
1 mutual funds have low correlation with FSNIX (below 0.3), 0 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 0.06, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.50 | 64 | Diversified Portfolio | FSNIX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.17 | 0.11 | 93 | Long-Short | FSNIX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.64 | 96 | Diversified Portfolio | FSNIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.64 | 95 | Diversified Portfolio | FSNIX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.60 | 0.65 | 96 | Diversified Portfolio | FSNIX vs FSRRX |
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