Looking to diversify beyond DRIPX? The mutual funds below have the lowest correlation with DRIPX — 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 DRIPX.
Best Diversifiers for DRIPX
0 mutual funds have low correlation with DRIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Large Cap Fund Class C (FLCCX) (Large Cap Value Equities) with a 1Y correlation of 0.39, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Large Cap Fund Class C | 0.39 | 0.67 | 0.79 | 60 | Large Cap Value Equities | DRIPX vs FLCCX | |
| Fidelity Advisor Large Cap Fund Class M | 0.39 | 0.67 | 0.79 | 61 | Large Cap Value Equities | DRIPX vs FALGX | |
| Fidelity Advisor Large Cap Fund Class I | 0.40 | 0.68 | 0.79 | 62 | Large Cap Value Equities | DRIPX vs FALIX | |
| Voya Corporate Leaders Trust Fund | 0.41 | 0.61 | 0.71 | 52 | Large Cap Value Equities | DRIPX vs LEXCX | |
| Rational Equity Armor Fund | 0.55 | 0.59 | 0.70 | 56 | Large Cap Value Equities | DRIPX vs HDCTX |
See all 31 diversifiers for DRIPX
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