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
5 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 0.03, down 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... | 0.03 | 0.10 | 0.15 | 94 | Inflation-Protected Bonds | FEQIX vs VTAPX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.10 | 0.02 | -0.00 | 99 | Total Bond Market | FEQIX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.11 | 0.09 | 0.04 | 99 | Total Bond Market | FEQIX vs FJTDX | |
| Fidelity Select Energy Portfolio | 0.18 | 0.42 | 0.52 | 78 | Energy Equities | FEQIX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.20 | 0.29 | 0.33 | 93 | High Yield Bonds | FEQIX vs FFRHX |
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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 BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.07, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.07 | 0.26 | 0.38 | 87 | Energy | |
| Altria Group, Inc. | 0.07 | 0.28 | 0.35 | 67 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.08 | 0.24 | 0.27 | 88 | Energy | |
| ConocoPhillips Company | 0.09 | 0.28 | 0.39 | 76 | Energy | |
| Credo Technology Group Holding Ltd | 0.09 | 0.24 | 0.30 | 90 | Technology |
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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