Looking to diversify beyond FAERX? The mutual funds below have the lowest correlation with FAERX — 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 FAERX.
Best Diversifiers for FAERX
7 mutual funds have low correlation with FAERX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.27, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.48 | 0.59 | 89 | Semiconductors, Technology Equities | FAERX vs FSELX | |
| Virtus NFJ International Value Fund | 0.27 | 0.59 | 0.71 | 65 | Foreign Large Cap Equities | FAERX vs ANJIX | |
| SA International Value Fund | 0.27 | 0.52 | 0.63 | 90 | Foreign Large Cap Equities | FAERX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.29 | 0.49 | 0.57 | 74 | Foreign Large Cap Equities, Dividend | FAERX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.29 | 0.49 | 0.58 | 75 | Foreign Large Cap Equities | FAERX vs EPDIX |
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