Looking to diversify beyond FBIFX? The mutual funds below have the lowest correlation with FBIFX — 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 FBIFX.
Best Diversifiers for FBIFX
2 mutual funds have low correlation with FBIFX (below 0.3), 0 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 0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.20 | 0.22 | 84 | Inflation-Protected Bonds | FBIFX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.31 | 0.36 | 92 | Bank Loan | FBIFX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.44 | 0.42 | 0.31 | 57 | Long-Short | FBIFX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.44 | 0.41 | 0.31 | 54 | Long-Short, Actively Managed | FBIFX vs QLENX | |
| ARK Venture Fund | 0.47 | 0.59 | 0.60 | 99 | Technology Equities | FBIFX vs ARKVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBIFX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.04 | 0.15 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.07 | 0.20 | 72 | Energy | |
| ConocoPhillips Company | -0.13 | 0.08 | 0.21 | 65 | Energy | |
| Chevron Corporation | -0.12 | 0.09 | 0.22 | 70 | Energy | |
| The Coca-Cola Company | -0.11 | 0.08 | 0.22 | 74 | Consumer Defensive |
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Build a portfolio that complements FBIFX
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