Looking to diversify beyond FSRTX? The mutual funds below have the lowest correlation with FSRTX — 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 FSRTX.
Best Diversifiers for FSRTX
12 mutual funds have low correlation with FSRTX (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 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.16 | 0.38 | 67 | Diversified Portfolio | FSRTX vs MHELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.32 | 0.41 | 73 | Large Cap Growth Equities | FSRTX vs FBGRX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.17 | 0.29 | 0.35 | 99 | Diversified Portfolio | FSRTX vs STDAX | |
| Virtus Diversified Income & Convertible Fund | 0.21 | 0.35 | 0.42 | 66 | Diversified Portfolio | FSRTX vs ACV | |
| Fidelity Select Semiconductors Portfolio | 0.21 | 0.31 | 0.38 | 96 | Semiconductors, Technology Equities | FSRTX vs FSELX |
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