Looking to diversify beyond FIDEX? The mutual funds below have historically moved differently from FIDEX, 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 FIDEX
0 mutual funds have low correlation with FIDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.16 | 0.16 | 96 | Large Cap Blend Equities | FIDEX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.37 | — | 54 | Preferred Stock | FIDEX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.55 | 0.69 | 0.78 | 91 | Large Cap Blend Equities | FIDEX vs RCKSX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.56 | 0.71 | — | 56 | Low Volatility | FIDEX vs FSUVX | |
| Muhlenkamp Fund | 0.61 | 0.71 | — | 51 | Large Cap Blend Equities | FIDEX vs MUHLX |
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