Looking to diversify beyond FIDJX? The mutual funds below have the lowest correlation with FIDJX — 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 FIDJX.
Best Diversifiers for FIDJX
1 mutual funds have low correlation with FIDJX (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 0.29, up from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.14 | — | 72 | Large Cap Blend Equities | FIDJX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.35 | — | 69 | Large Cap Blend Equities | FIDJX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.69 | — | 62 | Large Cap Blend Equities | FIDJX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.66 | 0.79 | — | 88 | Large Cap Blend Equities | FIDJX vs RESGX | |
| Vanguard Global Capital Cycles Fund | 0.67 | 0.65 | 0.68 | 89 | Global Equities | FIDJX vs VGPMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIDJX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIDJX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | 0.02 | 0.19 | 74 | Consumer Defensive | |
| Walmart Inc. | -0.05 | 0.19 | 0.29 | 69 | Consumer Defensive | |
| Fastenal Company | 0.28 | 0.38 | 0.47 | 57 | Industrials |
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