Looking to diversify beyond FSSAX? The mutual funds below have historically moved differently from FSSAX, 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 FSSAX
2 mutual funds have low correlation with FSSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.18, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.46 | 0.54 | 61 | Foreign Large Cap Equities | FSSAX vs GSINX | |
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.26 | 0.14 | 0.13 | 56 | Total Bond Market | FSSAX vs VBITX | |
| PGIM Global Real Estate Fund | 0.39 | 0.55 | 0.61 | 62 | REIT | FSSAX vs PURZX | |
| BNY Mellon Natural Resources Fund | 0.41 | 0.52 | 0.52 | 85 | Energy Equities | FSSAX vs DLDRX | |
| Federated Hermes MDT Small Cap Core Fund | 0.41 | 0.62 | 0.78 | 67 | Small Cap Blend Equities | FSSAX vs QISCX |
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