Looking to diversify beyond FSUTX? The mutual funds below have the lowest correlation with FSUTX — 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 FSUTX.
Best Diversifiers for FSUTX
23 mutual funds have low correlation with FSUTX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.04, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.04 | -0.11 | -0.10 | 88 | Long-Short | FSUTX vs VMNFX | |
| T. Rowe Price Floating Rate Fund | -0.02 | 0.13 | 0.13 | 96 | High Yield Bonds | FSUTX vs PRFRX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | -0.06 | -0.04 | 96 | Long-Short | FSUTX vs BDMIX | |
| Fidelity Floating Rate High Income Fund | 0.05 | 0.15 | 0.17 | 92 | Bank Loan | FSUTX vs FFRHX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.14 | 0.18 | 84 | Inflation-Protected Bonds | FSUTX vs VTAPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSUTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSUTX and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.07, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.07 | 0.06 | 0.13 | 69 | Technology | |
| Exxon Mobil Corporation | -0.07 | 0.17 | 0.20 | 72 | Energy | |
| Chevron Corporation | -0.06 | 0.15 | 0.21 | 70 | Energy | |
| Murphy Oil Corporation | -0.05 | 0.10 | 0.18 | 79 | Energy | |
| ConocoPhillips Company | -0.05 | 0.15 | 0.19 | 65 | Energy |
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