Looking to diversify beyond FICCX? The mutual funds below have historically moved differently from FICCX, 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 FICCX
1 mutual funds have low correlation with FICCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.29, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.40 | 0.50 | 80 | Semiconductors, Technology Equities | FICCX vs FSELX | |
| Shelton International Select Equity Fund | 0.39 | 0.51 | 0.60 | 61 | Foreign Large Cap Equities | FICCX vs SISEX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.50 | 0.63 | 88 | Foreign Large Cap Equities | FICCX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.43 | 0.45 | 0.53 | 95 | Foreign Large Cap Equities | FICCX vs PTSIX | |
| Artisan International Fund | 0.45 | 0.59 | 0.68 | 60 | Foreign Large Cap Equities | FICCX vs ARTIX |
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