Looking to diversify beyond FDEEX? The mutual funds below have historically moved differently from FDEEX, 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 FDEEX
3 mutual funds have low correlation with FDEEX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.05, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.05 | 0.23 | 0.37 | 87 | Energy Equities | FDEEX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.15 | 0.20 | 91 | Inflation-Protected Bonds | FDEEX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.30 | 0.36 | 95 | Bank Loan | FDEEX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.42 | 0.43 | 0.33 | 78 | Long-Short | FDEEX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.44 | 0.43 | 0.33 | 75 | Long-Short, Actively Managed | FDEEX vs QLENX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDEEX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.04 | 0.10 | 66 | Consumer Defensive | |
| Chubb Limited | -0.23 | 0.04 | 0.24 | 89 | Financial Services | |
| The Coca-Cola Company | -0.19 | 0.02 | 0.17 | 90 | Consumer Defensive | |
| ConocoPhillips Company | -0.19 | 0.05 | 0.22 | 72 | Energy | |
| Exxon Mobil Corporation | -0.19 | 0.05 | 0.21 | 84 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FDEEX
Add FDEEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDEEX