Looking to diversify beyond FSRTX? The mutual funds below have historically moved differently from FSRTX, 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 FSRTX
14 mutual funds have low correlation with FSRTX (below 0.3), 1 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 | 0.13 | 0.37 | 66 | Diversified Portfolio | FSRTX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.13 | 0.26 | 0.34 | 99 | Diversified Portfolio | FSRTX vs STDAX | |
| Virtus Diversified Income & Convertible Fund | 0.21 | 0.33 | 0.41 | 64 | Diversified Portfolio, Convertible Bonds | FSRTX vs ACV | |
| Fidelity Select Semiconductors Portfolio | 0.23 | 0.30 | 0.37 | 80 | Semiconductors, Technology Equities | FSRTX vs FSELX | |
| USAA Growth and Tax Strategy Fund | 0.27 | 0.42 | 0.51 | 78 | Diversified Portfolio | FSRTX vs USBLX |
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