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Franklin Small Cap Growth Fund (FSSAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks long-term capital growth. The fund invests at least 80% of its net assets in the equity securities of small-cap companies. The equity securities in which the fund invests are predominantly common stock. Small-cap companies are companies with market capitalizations not exceeding (i) $1.5 billion or (ii) the highest market capitalization in the Russell 2000 Index, whichever is greater, at the time of purchase. It may invest in equity securities of larger companies. The fund, from time to time, may have significant positions in particular sectors such as information technology, healthcare, consumer discretionary and industrials.

Looking to diversify beyond FSSAX? The mutual funds below have the lowest correlation with FSSAX — 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 FSSAX.

Best Diversifiers for FSSAX

0 mutual funds have low correlation with FSSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Core Fund (QISCX) (Small Cap Blend Equities) with a 1Y correlation of 0.32, down from 0.78 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISCX
Federated Hermes MDT Small Cap Core Fund0.320.620.78
57
Small Cap Blend EquitiesFSSAX vs QISCX
DLDRX
BNY Mellon Natural Resources Fund0.420.530.53
59
Energy EquitiesFSSAX vs DLDRX
FRIAX
Franklin Income Fund Advisor Class0.510.540.60
89
Diversified PortfolioFSSAX vs FRIAX
FKINX
Franklin Income Fund Class A10.580.580.61
84
Diversified PortfolioFSSAX vs FKINX
CGIAX
American Funds International Growth and Income Fun...0.630.630.67
58
Foreign Large Cap EquitiesFSSAX vs CGIAX
See all 31 diversifiers for FSSAX

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Diversification Analysis

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