Looking to diversify beyond FSTFX? The mutual funds below have historically moved differently from FSTFX, 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 FSTFX
15 mutual funds have low correlation with FSTFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.21 | 0.24 | 91 | Municipal Bonds | FSTFX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.03 | 0.02 | 80 | Semiconductors, Technology Equities | FSTFX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.11 | 0.27 | 0.27 | 94 | Municipal Bonds | FSTFX vs DMREX | |
| Fidelity ZERO Large Cap Index Fund | 0.17 | 0.12 | 0.08 | 59 | Large Cap Blend Equities | FSTFX vs FNILX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.17 | 0.11 | 0.07 | 62 | Large Cap Blend Equities | FSTFX vs VTCLX |
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