Looking to diversify beyond FSRCX? The mutual funds below have historically moved differently from FSRCX, 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 FSRCX
3 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 0.19, up from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.19 | -0.19 | -0.26 | 99 | Total Bond Market | FSRCX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.27 | 0.34 | 0.43 | 99 | Total Bond Market | FSRCX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.29 | 0.28 | 0.30 | 100 | Total Bond Market | FSRCX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.31 | 0.33 | 0.32 | 100 | Ultrashort Bond | FSRCX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.37 | 0.43 | 0.51 | 100 | Total Bond Market | FSRCX vs VUSFX |
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