Looking to diversify beyond FSTAX? The mutual funds below have historically moved differently from FSTAX, 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 FSTAX
2 mutual funds have low correlation with FSTAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.21, up from -0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.21 | -0.18 | -0.25 | 99 | Total Bond Market | FSTAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.24 | 0.33 | 0.42 | 99 | Total Bond Market | FSTAX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.33 | 0.30 | 0.31 | 99 | Total Bond Market | FSTAX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.34 | 0.34 | 0.33 | 99 | Ultrashort Bond | FSTAX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.36 | 0.42 | 0.50 | 100 | Total Bond Market | FSTAX vs VUSFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSTAX
Add FSTAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSTAX