Looking to diversify beyond FEQIX? The mutual funds below have the lowest correlation with FEQIX — 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 FEQIX.
Best Diversifiers for FEQIX
4 mutual funds have low correlation with FEQIX (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 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.11 | 0.15 | 89 | Inflation-Protected Bonds | FEQIX vs VTAPX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.13 | 0.02 | -0.00 | 99 | Total Bond Market | FEQIX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.14 | 0.09 | 0.04 | 99 | Total Bond Market | FEQIX vs FJTDX | |
| Fidelity Floating Rate High Income Fund | 0.16 | 0.28 | 0.32 | 92 | Bank Loan | FEQIX vs FFRHX | |
| ARK Venture Fund | 0.31 | 0.45 | 0.46 | 99 | Technology Equities | FEQIX vs ARKVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEQIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEQIX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.06, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.06 | 0.25 | 0.38 | 61 | Energy | |
| Chevron Corporation | 0.06 | 0.29 | 0.40 | 68 | Energy | |
| Exxon Mobil Corporation | 0.07 | 0.28 | 0.39 | 68 | Energy | |
| BP p.l.c. | 0.07 | 0.24 | 0.37 | 76 | Energy | |
| Energy Transfer LP | 0.08 | 0.32 | 0.43 | 67 | Energy |
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Build a portfolio that complements FEQIX
Add FEQIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FEQIX