Looking to diversify beyond FSRKX? The mutual funds below have the lowest correlation with FSRKX — 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 FSRKX.
Best Diversifiers for FSRKX
50 mutual funds have low correlation with FSRKX (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 0.01, 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 | 0.01 | 0.17 | 0.39 | 64 | Diversified Portfolio | FSRKX vs MHELX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.24 | 0.34 | 92 | High Yield Bonds | FSRKX vs FFRHX | |
| Federated Hermes Capital Income Fund | 0.09 | 0.44 | 0.57 | 85 | Diversified Portfolio | FSRKX vs CAPAX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.31 | 0.41 | 75 | Large Cap Growth Equities | FSRKX vs FBGRX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.16 | 0.30 | 0.36 | 99 | Diversified Portfolio | FSRKX vs STDAX |
See all 405 diversifiers for FSRKX
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