Looking to diversify beyond FZAOX? The mutual funds below have historically moved differently from FZAOX, 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 FZAOX
0 mutual funds have low correlation with FZAOX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA International Small Company Portfolio (DFISX) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.65, roughly unchanged from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA International Small Company Portfolio | 0.65 | 0.66 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | FZAOX vs DFISX | |
| Fidelity Select Semiconductors Portfolio | 0.66 | 0.61 | 0.69 | 80 | Semiconductors, Technology Equities | FZAOX vs FSELX | |
| Fidelity 500 Index Fund | 0.67 | 0.70 | 0.76 | 64 | S&P 500 | FZAOX vs FXAIX | |
| Auer Growth Fund | 0.68 | 0.76 | 0.79 | 91 | Small Cap Blend Equities | FZAOX vs AUERX | |
| Fidelity International Index Fund | 0.69 | 0.66 | 0.71 | 70 | Foreign Large Cap Equities | FZAOX vs FSPSX |
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