Looking to diversify beyond FYAIX? The mutual funds below have the lowest correlation with FYAIX — 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 FYAIX.
Best Diversifiers for FYAIX
6 mutual funds have low correlation with FYAIX (below 0.3), 2 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.08 | 0.12 | 0.19 | 52 | Leveraged Equities | FYAIX vs ENPIX | |
| Pioneer ILS Interval Fund | -0.02 | -0.04 | -0.01 | 100 | High Yield Bonds | FYAIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.10 | 0.07 | 100 | High Yield Bonds | FYAIX vs CCLFX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.18 | 0.43 | 0.54 | 68 | High Yield Bonds | FYAIX vs FHYSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.15 | 0.17 | 99 | High Yield Bonds | FYAIX vs RPHIX |
See all 32 diversifiers for FYAIX
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Diversification Analysis
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