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
22 mutual funds have low correlation with FSTEX (below 0.3), 5 of which are negatively correlated. The least correlated is Alger Focus Equity Fund (ALGRX) (Large Cap Growth Equities) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund | -0.15 | 0.04 | 0.19 | 53 | Large Cap Growth Equities | FSTEX vs ALGRX | |
| Invesco Nasdaq 100 Index Fund | -0.11 | 0.07 | 0.19 | 70 | Large Cap Growth Equities | FSTEX vs IVNQX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.08 | 0.05 | 0.19 | 88 | Leveraged Equities, Semiconductors, Technology Equities | FSTEX vs SMPIX | |
| Vanguard Information Technology Index Fund Admiral... | -0.08 | 0.08 | 0.20 | 65 | Technology Equities | FSTEX vs VITAX | |
| Vanguard 500 Index Fund Admiral Shares | -0.05 | 0.18 | 0.32 | 66 | S&P 500, Large Cap Blend Equities | FSTEX vs VFIAX |
See all 42 diversifiers for FSTEX
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