Looking to diversify beyond FFIDX? The mutual funds below have the lowest correlation with FFIDX — 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 FFIDX.
Best Diversifiers for FFIDX
1 mutual funds have low correlation with FFIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Total Bond Market) with a 1Y correlation of 0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.08 | 0.04 | 0.01 | 99 | Total Bond Market | FFIDX vs FCNVX | |
| Fidelity New Markets Income Fund | 0.40 | 0.28 | 0.31 | 94 | Emerging Markets Bonds | FFIDX vs FNMIX | |
| Baron Partners Fund | 0.55 | 0.61 | 0.68 | 52 | Large Cap Growth Equities | FFIDX vs BPTRX | |
| Fidelity China Region Fund | 0.57 | 0.54 | 0.53 | 94 | China Equities | FFIDX vs FHKCX | |
| Fidelity Small Cap Value Fund | 0.60 | 0.60 | 0.68 | 74 | Small Cap Value Equities | FFIDX vs FCPVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFIDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFIDX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.19, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.19 | 0.03 | 0.16 | 65 | Energy | |
| PepsiCo, Inc. | -0.10 | 0.00 | 0.18 | 61 | Consumer Defensive | |
| Quest Diagnostics Incorporated | -0.00 | 0.06 | 0.22 | 59 | Healthcare | |
| Halliburton Company | 0.04 | 0.15 | 0.24 | 88 | Energy | |
| Embotelladora Andina S.A | 0.04 | 0.09 | 0.07 | 57 | Consumer Defensive |
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Build a portfolio that complements FFIDX
Add FFIDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFIDX