Looking to diversify beyond FSTEX? The mutual funds below have the lowest correlation with FSTEX — 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 FSTEX.
Best Diversifiers for FSTEX
25 mutual funds have low correlation with FSTEX (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco Nasdaq 100 Index Fund (IVNQX) (Large Cap Growth Equities) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | -0.12 | 0.06 | 0.19 | 57 | Large Cap Growth Equities | FSTEX vs IVNQX | |
| Vanguard 500 Index Fund Admiral Shares | -0.08 | 0.16 | 0.31 | 65 | S&P 500, Large Cap Blend Equities | FSTEX vs VFIAX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.08 | 0.05 | 0.19 | 76 | Leveraged Equities, Semiconductors, Technology Equities | FSTEX vs SMPIX | |
| Vanguard Information Technology Index Fund Admiral... | -0.08 | 0.08 | 0.20 | 53 | Technology Equities | FSTEX vs VITAX | |
| BlackRock Health Sciences Opportunities Portfolio | -0.04 | 0.09 | 0.18 | 53 | Health & Biotech Equities | FSTEX vs SHSAX |
See all 58 diversifiers for FSTEX
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