Looking to diversify beyond FBIIX? The mutual funds below have historically moved differently from FBIIX, 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 FBIIX
2 mutual funds have low correlation with FBIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.19, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.19 | 0.07 | 0.09 | 80 | Semiconductors, Technology Equities | FBIIX vs FSELX | |
| DFA Two Year Global Fixed Income Portfolio | 0.27 | 0.10 | 0.35 | 100 | Global Bonds | FBIIX vs DFGFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.33 | 0.14 | 0.06 | 98 | Emerging Markets Bonds | FBIIX vs EELDX | |
| Fidelity Emerging Markets Index Fund | 0.34 | 0.14 | 0.09 | 62 | Emerging Markets Equities | FBIIX vs FPADX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 0.34 | 0.31 | 0.29 | 73 | High Yield Bonds | FBIIX vs FIQTX |
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