Looking to diversify beyond FATEX? The mutual funds below have the lowest correlation with FATEX — 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 FATEX.
Best Diversifiers for FATEX
3 mutual funds have low correlation with FATEX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | 0.03 | 0.10 | 94 | Inflation-Protected Bonds | FATEX vs VTAPX | |
| ARK Venture Fund | 0.27 | 0.51 | — | 98 | Technology Equities | FATEX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.28 | 0.47 | 0.62 | 82 | Technology Equities | FATEX vs GTTIX | |
| Fidelity Total International Index Fund | 0.33 | 0.51 | 0.61 | 58 | Foreign Large Cap Equities | FATEX vs FTIHX | |
| Fidelity ZERO International Index Fund | 0.34 | 0.52 | 0.62 | 60 | Foreign Large Cap Equities | FATEX vs FZILX |
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