Looking to diversify beyond FSTKX? The mutual funds below have the lowest correlation with FSTKX — 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 FSTKX.
Best Diversifiers for FSTKX
2 mutual funds have low correlation with FSTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes High-Yield Strategy Portfolio (FHYSX) (High Yield Bonds) with a 1Y correlation of 0.24, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.24 | 0.33 | 0.40 | 69 | High Yield Bonds | FSTKX vs FHYSX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.27 | 0.38 | 0.43 | 65 | High Yield Bonds | FSTKX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.32 | 0.45 | 0.53 | 55 | High Yield Bonds | FSTKX vs FHYTX | |
| Hennessy Cornerstone Value Fund | 0.44 | 0.63 | 0.75 | 81 | Large Cap Value Equities | FSTKX vs HFCVX | |
| Fidelity Blue Chip Growth Fund | 0.46 | 0.49 | 0.63 | 73 | Large Cap Growth Equities | FSTKX vs FBGRX |
See all 34 diversifiers for FSTKX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSTKX
Add FSTKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSTKX