Looking to diversify beyond FSRKX? The mutual funds below have historically moved differently from FSRKX, 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 FSRKX
24 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 0.00, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.12 | 0.37 | 68 | Diversified Portfolio | FSRKX vs MHELX | |
| Fidelity Floating Rate High Income Fund | 0.11 | 0.22 | 0.34 | 93 | Bank Loan | FSRKX vs FFRHX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.11 | 0.27 | 0.34 | 99 | Diversified Portfolio | FSRKX vs STDAX | |
| Federated Hermes Capital Income Fund | 0.12 | 0.41 | 0.55 | 72 | Diversified Portfolio | FSRKX vs CAPAX | |
| Fidelity Select Semiconductors Portfolio | 0.22 | 0.31 | 0.37 | 80 | Semiconductors, Technology Equities | FSRKX vs FSELX |
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