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), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.01 | — | 73 | Diversified Portfolio | FYMIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.17 | — | 64 | Diversified Portfolio | FYMIX vs MHELX | |
| Hennessy Balanced Fund | 0.30 | 0.45 | — | 66 | Diversified Portfolio | FYMIX vs HBFBX | |
| Federated Hermes Capital Income Fund | 0.32 | 0.60 | — | 85 | Diversified Portfolio | FYMIX vs CAPAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | — | 96 | Diversified Portfolio | FYMIX vs FSIRX |
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