Looking to diversify beyond FELTX? The mutual funds below have historically moved differently from FELTX, 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 FELTX
0 mutual funds have low correlation with FELTX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.34, down from 0.50 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.34 | 0.50 | — | 99 | Technology Equities | FELTX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.41 | 0.45 | 0.56 | 65 | Technology Equities | FELTX vs GTTIX | |
| Fidelity International Index Fund | 0.60 | 0.54 | 0.60 | 64 | Foreign Large Cap Equities | FELTX vs FSPSX | |
| Hennessy Technology Fund | 0.63 | 0.76 | 0.83 | 61 | Technology Equities | FELTX vs HTECX | |
| Fidelity Total International Index Fund | 0.71 | 0.63 | 0.66 | 71 | Foreign Large Cap Equities | FELTX vs FTIHX |
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