Looking to diversify beyond FFIMX? The mutual funds below have the lowest correlation with FFIMX — 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 FFIMX.
Best Diversifiers for FFIMX
1 mutual funds have low correlation with FFIMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.49 | 64 | Diversified Portfolio | FFIMX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.30 | 0.17 | 0.10 | 92 | Long-Short | FFIMX vs BDMIX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.61 | 0.65 | 96 | Diversified Portfolio | FFIMX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.65 | 95 | Diversified Portfolio | FFIMX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.60 | 0.65 | 96 | Diversified Portfolio | FFIMX vs FIQDX |
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