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 T. Rowe Price Floating Rate Fund (PRFRX) (High Yield Bonds) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Floating Rate Fund | -0.05 | 0.13 | 0.13 | 96 | High Yield Bonds | FSUTX vs PRFRX | |
| Vanguard Market Neutral Fund Investor Shares | -0.02 | -0.12 | -0.10 | 62 | Long-Short | FSUTX vs VMNFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | -0.06 | -0.04 | 92 | Long-Short | FSUTX vs BDMIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.14 | 0.19 | 94 | Inflation-Protected Bonds | FSUTX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.16 | 0.17 | 92 | High Yield Bonds | FSUTX vs FFRHX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.18 | 0.21 | 85 | Energy | |
| Palo Alto Networks, Inc. | -0.04 | 0.07 | 0.13 | 67 | Technology | |
| Chevron Corporation | -0.03 | 0.17 | 0.22 | 83 | Energy | |
| Murphy Oil Corporation | -0.02 | 0.12 | 0.18 | 85 | Energy | |
| ConocoPhillips Company | -0.01 | 0.17 | 0.19 | 76 | Energy |
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