Looking to diversify beyond FZOLX? The mutual funds below have historically moved differently from FZOLX, 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 FZOLX
27 mutual funds have low correlation with FZOLX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.01 | 0.11 | 0.15 | 100 | Ultrashort Bond | FZOLX vs ENIAX | |
| Fidelity Select Semiconductors Portfolio | 0.00 | -0.06 | -0.03 | 80 | Semiconductors, Technology Equities | FZOLX vs FSELX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.01 | 0.27 | 0.31 | 98 | Ultrashort Bond | FZOLX vs TRBUX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.01 | 0.30 | 0.38 | 99 | Ultrashort Bond | FZOLX vs TRSTX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | 0.10 | 0.07 | 99 | Ultrashort Bond | FZOLX vs TSDUX |
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