Looking to diversify beyond FESIX? The mutual funds below have historically moved differently from FESIX, 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 FESIX
7 mutual funds have low correlation with FESIX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 99 | REIT | FESIX vs QREARX | |
| Fidelity Select Semiconductors Portfolio | -0.02 | 0.16 | 0.32 | 80 | Semiconductors, Technology Equities | FESIX vs FSELX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | FESIX vs CREMX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.45 | 0.58 | 59 | Large Cap Blend Equities | FESIX vs FNILX | |
| Fidelity 500 Index Fund | 0.24 | 0.45 | 0.58 | 64 | S&P 500 | FESIX vs FXAIX |
See all 47 diversifiers for FESIX
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