Looking to diversify beyond FZROX? The mutual funds below have the lowest correlation with FZROX — 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 FZROX.
Best Diversifiers for FZROX
84 mutual funds have low correlation with FZROX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.02, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.02 | -0.03 | -0.03 | 85 | Long-Short | FZROX vs VMNFX | |
| Fidelity Series Treasury Bill Index Fund | -0.00 | 0.03 | 0.03 | 100 | Ultrashort Bond | FZROX vs FHQFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.10 | 0.15 | 89 | Inflation-Protected Bonds | FZROX vs VTAPX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.02 | 0.11 | — | 86 | Inflation-Protected Bonds | FZROX vs FSTZX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.04 | 0.06 | 0.03 | 97 | Municipal Bonds | FZROX vs FGNSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FZROX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FZROX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.00 | 0.14 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.06 | 0.20 | 68 | Energy | |
| The Coca-Cola Company | -0.14 | 0.05 | 0.23 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.13 | 0.08 | 0.22 | 68 | Energy | |
| ConocoPhillips Company | -0.13 | 0.10 | 0.22 | 61 | Energy |
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