Looking to diversify beyond FFNIX? The mutual funds below have the lowest correlation with FFNIX — 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 FFNIX.
Best Diversifiers for FFNIX
2 mutual funds have low correlation with FFNIX (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 0.06, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.47 | 64 | Diversified Portfolio | FFNIX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.16 | 0.10 | 92 | Long-Short | FFNIX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.65 | 96 | Diversified Portfolio | FFNIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.64 | 95 | Diversified Portfolio | FFNIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.65 | 96 | Diversified Portfolio | FFNIX vs FIQDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FFNIX
Add FFNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFNIX