Looking to diversify beyond FIADX? The mutual funds below have the lowest correlation with FIADX — 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 FIADX.
Best Diversifiers for FIADX
0 mutual funds have low correlation with FIADX (below 0.3), 0 of which are negatively correlated. The least correlated is Weitz Short Duration Income Fund (WEFIX) (Short-Term Bond) with a 1Y correlation of 0.34, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Weitz Short Duration Income Fund | 0.34 | 0.19 | 0.20 | 92 | Short-Term Bond | FIADX vs WEFIX | |
| Blackstone Alternative Multi-Strategy Fund | 0.50 | 0.47 | 0.50 | 99 | Multistrategy | FIADX vs BXMIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.57 | 0.62 | 75 | Foreign Large Cap Equities | FIADX vs PTSIX | |
| Kopernik International Fund | 0.57 | 0.46 | 0.58 | 54 | Foreign Large Cap Equities | FIADX vs KGIIX | |
| SA International Value Fund | 0.59 | 0.62 | 0.70 | 88 | Foreign Large Cap Equities | FIADX vs SAHMX |
See all 29 diversifiers for FIADX
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