Looking to diversify beyond FSRNX? The mutual funds below have the lowest correlation with FSRNX — 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 FSRNX.
Best Diversifiers for FSRNX
60 mutual funds have low correlation with FSRNX (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 99 | REIT | FSRNX vs QREARX | |
| Fidelity Select Technology Portfolio | -0.05 | 0.17 | 0.37 | 83 | Technology Equities | FSRNX vs FSPTX | |
| AQR Long-Short Equity Fund | -0.04 | 0.07 | 0.11 | 61 | Long-Short | FSRNX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | -0.02 | 0.07 | 0.11 | 58 | Long-Short, Actively Managed | FSRNX vs QLENX | |
| Fidelity Select Semiconductors Portfolio | -0.01 | 0.17 | 0.33 | 92 | Semiconductors, Technology Equities | FSRNX vs FSELX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSRNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSRNX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | 0.04 | 0.23 | 65 | Technology | |
| Broadcom Inc. | -0.10 | 0.10 | 0.27 | 71 | Technology | |
| Nebius Group N.V. | -0.07 | 0.03 | 0.03 | 96 | Communication Services | |
| CrowdStrike Holdings, Inc. | -0.05 | 0.09 | 0.22 | 77 | Technology | |
| Micron Technology, Inc. | -0.05 | 0.09 | 0.23 | 99 | Technology |
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