Looking to diversify beyond FFIZX? The mutual funds below have the lowest correlation with FFIZX — 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 FFIZX.
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 0.32, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Short-Term Bond Fund Institutional Class | 0.32 | 0.25 | 0.21 | 94 | Short-Term Bond | FFIZX vs BSBIX | |
| Vanguard Value Index Fund Admiral Shares | 0.70 | 0.75 | 0.80 | 89 | Large Cap Value Equities | FFIZX vs VVIAX | |
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.73 | 0.77 | 92 | Semiconductors, Technology Equities | FFIZX vs FSELX | |
| Dimensional Retirement Income Fund | 0.81 | 0.81 | 0.77 | 83 | Target Retirement Date | FFIZX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.80 | 0.79 | 70 | Target Retirement Date | FFIZX vs FRQIX |
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