Looking to diversify beyond FSZZX? The mutual funds below have historically moved differently from FSZZX, 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 FSZZX
2 mutual funds have low correlation with FSZZX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.21, down from 0.51 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.51 | — | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FSZZX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.37 | — | 66 | Emerging Markets Equities | FSZZX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.61 | — | 92 | Emerging Markets Equities | FSZZX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.64 | 0.74 | — | 77 | Emerging Markets Equities | FSZZX vs EMPTX | |
| Fidelity International Index Fund | 0.72 | 0.69 | — | 70 | Foreign Large Cap Equities | FSZZX vs FSPSX |
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