Looking to diversify beyond FFIZX? The mutual funds below have historically moved differently from FFIZX, 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 FFIZX
0 mutual funds have low correlation with FFIZX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Short-Term Bond Fund Institutional Class (BSBIX) (Short-Term Bond) with a 1Y correlation of 0.33, up from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Short-Term Bond Fund Institutional Class | 0.33 | 0.24 | 0.21 | 95 | Short-Term Bond | FFIZX vs BSBIX | |
| Vanguard Value Index Fund Admiral Shares | 0.67 | 0.75 | 0.80 | 93 | Large Cap Value Equities | FFIZX vs VVIAX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.73 | 0.77 | 80 | Semiconductors, Technology Equities | FFIZX vs FSELX | |
| Fidelity Capital & Income Fund | 0.79 | 0.82 | 0.80 | 74 | High Yield Bonds | FFIZX vs FAGIX | |
| Dimensional Retirement Income Fund | 0.82 | 0.81 | 0.77 | 81 | Target Retirement Date | FFIZX vs TDIFX |
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