Looking to diversify beyond FUAMX? The mutual funds below have historically moved differently from FUAMX, 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 FUAMX
16 mutual funds have low correlation with FUAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.02 | 0.02 | 80 | Semiconductors, Technology Equities | FUAMX vs FSELX | |
| DFA One Year Fixed Income Portfolio | 0.20 | 0.05 | 0.32 | 100 | Ultrashort Bond | FUAMX vs DFIHX | |
| Fidelity Mega Cap Stock Fund | 0.23 | 0.10 | 0.03 | 74 | Large Cap Blend Equities | FUAMX vs FGRTX | |
| DFA Two Year Global Fixed Income Portfolio | 0.23 | 0.06 | 0.36 | 100 | Global Bonds | FUAMX vs DFGFX | |
| GMO U.S. Treasury Fund | 0.24 | 0.13 | 0.10 | 99 | Government Bonds | FUAMX vs GUSTX |
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