Looking to diversify beyond FSTEX? The mutual funds below have historically moved differently from FSTEX, 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 FSTEX
24 mutual funds have low correlation with FSTEX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard 500 Index Fund Admiral Shares (VFIAX) (S&P 500) with a 1Y correlation of -0.10, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard 500 Index Fund Admiral Shares | -0.10 | 0.15 | 0.30 | 63 | S&P 500, Large Cap Blend Equities | FSTEX vs VFIAX | |
| BlackRock Health Sciences Opportunities Portfolio | -0.07 | 0.08 | 0.17 | 65 | Health & Biotech Equities | FSTEX vs SHSAX | |
| Fuller & Thaler Behavioral Small-Cap Equity Fund | -0.00 | 0.26 | 0.39 | 78 | Small Cap Blend Equities | FSTEX vs FTHNX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.04 | 0.30 | 0.42 | 68 | Large Cap Blend Equities | FSTEX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.05 | 0.30 | 0.42 | 69 | S&P 500 | FSTEX vs VADDX |
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