Looking to diversify beyond FSRNX? The mutual funds below have historically moved differently from FSRNX, 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 FSRNX
72 mutual funds have low correlation with FSRNX (below 0.3), 6 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | — | — | 99 | REIT | FSRNX vs QREARX | |
| Fidelity Series Commodity Strategy Fund | -0.09 | 0.02 | 0.11 | 70 | Commodities | FSRNX vs FCSSX | |
| AQR Long-Short Equity Fund | -0.07 | 0.06 | 0.10 | 77 | Long-Short | FSRNX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | -0.07 | 0.06 | 0.10 | 74 | Long-Short, Actively Managed | FSRNX vs QLENX | |
| Fidelity Select Technology Portfolio | -0.04 | 0.16 | 0.37 | 65 | Technology Equities | FSRNX vs FSPTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSRNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.13, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.13 | 0.08 | 0.26 | 68 | Technology | |
| NVIDIA Corporation | -0.10 | 0.03 | 0.23 | 61 | Technology | |
| Seagate Technology plc | -0.09 | 0.17 | 0.30 | 99 | Technology | |
| Western Digital Corporation | -0.09 | 0.11 | 0.28 | 99 | Technology | |
| Marvell Technology, Inc. | -0.08 | 0.11 | 0.27 | 90 | Technology |
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