Looking to diversify beyond FATIX? The mutual funds below have historically moved differently from FATIX, 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 FATIX
7 mutual funds have low correlation with FATIX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.18, down from 0.48 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.18 | 0.48 | — | 99 | Technology Equities | FATIX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.22 | 0.44 | 0.61 | 58 | Technology Equities | FATIX vs GTTIX | |
| Eaton Vance Emerging and Frontier Countries Equity... | 0.23 | 0.44 | 0.51 | 54 | Emerging Markets Equities | FATIX vs EICOX | |
| Fidelity International Index Fund | 0.26 | 0.43 | 0.57 | 70 | Foreign Large Cap Equities | FATIX vs FSPSX | |
| Fidelity ZERO International Index Fund | 0.27 | 0.48 | 0.60 | 76 | Foreign Large Cap Equities | FATIX vs FZILX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FATIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.10, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.10 | 0.11 | 0.31 | 61 | Financial Services |
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