Looking to diversify beyond FYMIX? The mutual funds below have the lowest correlation with FYMIX — 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 FYMIX.
Best Diversifiers for FYMIX
2 mutual funds have low correlation with FYMIX (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 0.01, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | — | 70 | Diversified Portfolio | FYMIX vs MHELX | |
| Hennessy Balanced Fund | 0.28 | 0.45 | — | 66 | Diversified Portfolio | FYMIX vs HBFBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | — | 86 | Diversified Portfolio | FYMIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.56 | — | 82 | Diversified Portfolio | FYMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.55 | — | 88 | Diversified Portfolio | FYMIX vs FIQDX |
See all 376 diversifiers for FYMIX
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Diversification Analysis
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