Looking to diversify beyond FSRIX? The mutual funds below have the lowest correlation with FSRIX — 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 FSRIX.
Best Diversifiers for FSRIX
3 mutual funds have low correlation with FSRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of -0.23, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | -0.23 | -0.03 | 0.06 | 80 | Commodities | FSRIX vs CCSZX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.21 | -0.25 | 99 | Total Bond Market | FSRIX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.29 | 0.36 | 0.43 | 100 | Total Bond Market | FSRIX vs VUBFX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.34 | 0.43 | 0.50 | 100 | Total Bond Market | FSRIX vs VUSFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.34 | 0.33 | 0.33 | 99 | Total Bond Market | FSRIX vs FJTDX |
See all 39 diversifiers for FSRIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSRIX
Add FSRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSRIX