Looking to diversify beyond FEDIX? The mutual funds below have the lowest correlation with FEDIX — 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 FEDIX.
Best Diversifiers for FEDIX
0 mutual funds have low correlation with FEDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.52, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.52 | 0.65 | 0.68 | 74 | Emerging Markets Equities | FEDIX vs PZIEX | |
| Nomura Emerging Markets Fund Class A | 0.59 | 0.69 | 0.75 | 98 | Emerging Markets Equities | FEDIX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 0.60 | 0.70 | 0.76 | 98 | Emerging Markets Equities | FEDIX vs DEMCX | |
| Fidelity Blue Chip Growth Fund | 0.63 | 0.58 | 0.60 | 75 | Large Cap Growth Equities | FEDIX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.56 | 0.57 | 97 | Semiconductors, Technology Equities | FEDIX vs FSELX |
See all 44 diversifiers for FEDIX
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Diversification Analysis
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