Looking to diversify beyond FSRCX? The mutual funds below have the lowest correlation with FSRCX — 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 FSRCX.
Best Diversifiers for FSRCX
2 mutual funds have low correlation with FSRCX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.14, up from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.23 | -0.27 | 99 | Total Bond Market | FSRCX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.30 | 0.37 | 0.43 | 100 | Total Bond Market | FSRCX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.31 | 0.30 | 0.31 | 99 | Total Bond Market | FSRCX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.34 | 0.33 | 0.32 | 99 | Total Bond Market | FSRCX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.36 | 0.45 | 0.51 | 100 | Total Bond Market | FSRCX vs VUSFX |
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