Looking to diversify beyond FIAFX? The mutual funds below have historically moved differently from FIAFX, 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 FIAFX
0 mutual funds have low correlation with FIAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.63, up from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.49 | 0.51 | 82 | Semiconductors, Technology Equities | FIAFX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.77 | 0.65 | 0.63 | 72 | Large Cap Blend Equities | FIAFX vs FNILX | |
| Fidelity Total Market Index Fund | 0.78 | 0.66 | 0.64 | 75 | Large Cap Blend Equities | FIAFX vs FSKAX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.79 | 0.69 | 0.67 | 83 | Target Retirement Date | FIAFX vs DRIKX | |
| Fidelity ZERO Total Market Index Fund | 0.79 | 0.67 | 0.64 | 76 | Large Cap Blend Equities | FIAFX vs FZROX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIAFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.10 | 0.16 | 58 | Consumer Defensive |
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