Looking to diversify beyond FSRAX? The mutual funds below have the lowest correlation with FSRAX — 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 FSRAX.
Best Diversifiers for FSRAX
11 mutual funds have low correlation with FSRAX (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 -0.00, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.17 | 0.39 | 69 | Diversified Portfolio | FSRAX vs MHELX | |
| Fidelity Blue Chip Growth Fund | 0.09 | 0.31 | 0.41 | 71 | Large Cap Growth Equities | FSRAX vs FBGRX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.16 | 0.29 | 0.35 | 99 | Diversified Portfolio | FSRAX vs STDAX | |
| Fidelity Select Semiconductors Portfolio | 0.19 | 0.31 | 0.38 | 97 | Semiconductors, Technology Equities | FSRAX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.45 | 0.53 | 63 | Large Cap Blend Equities | FSRAX vs FNILX |
See all 37 diversifiers for FSRAX
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