Looking to diversify beyond FTASX? The mutual funds below have the lowest correlation with FTASX — 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 FTASX.
Best Diversifiers for FTASX
1 mutual funds have low correlation with FTASX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.51 | 64 | Diversified Portfolio | FTASX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.18 | 0.11 | 92 | Long-Short | FTASX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.58 | 0.64 | 96 | Diversified Portfolio | FTASX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.58 | 0.64 | 95 | Diversified Portfolio | FTASX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.36 | 0.58 | 0.64 | 96 | Diversified Portfolio | FTASX vs FSRRX |
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