Looking to diversify beyond FSRRX? The mutual funds below have historically moved differently from FSRRX, 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 FSRRX
52 mutual funds have low correlation with FSRRX (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 | 73 | Diversified Portfolio | FSRRX vs MHELX | |
| Medalist Partners Short Duration Fund | 0.05 | 0.13 | 0.11 | 99 | Ultrashort Bond | FSRRX vs SEMRX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.21 | 0.33 | 95 | Bank Loan | FSRRX vs FFRHX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.11 | 0.27 | 0.35 | 99 | Diversified Portfolio | FSRRX vs STDAX | |
| AQR Long-Short Equity Fund | 0.11 | 0.18 | 0.27 | 75 | Long-Short | FSRRX vs QLEIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSRRX
Add FSRRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSRRX