Looking to diversify beyond FSTAX? The mutual funds below have the lowest correlation with FSTAX — 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 FSTAX.
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 0.15, up from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.23 | -0.26 | 99 | Total Bond Market | FSTAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.29 | 0.36 | 0.42 | 100 | Total Bond Market | FSTAX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.34 | 0.32 | 0.31 | 99 | Total Bond Market | FSTAX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.37 | 0.44 | 0.50 | 100 | Total Bond Market | FSTAX vs VUSFX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.39 | 0.35 | 0.34 | 99 | Total Bond Market | FSTAX vs FCNVX |
See all 38 diversifiers for FSTAX
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