Looking to diversify beyond FIDJX? The mutual funds below have historically moved differently from FIDJX, 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 FIDJX
0 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 0.32, up from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.15 | — | 97 | Large Cap Blend Equities | FIDJX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | — | 59 | Preferred Stock | FIDJX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.67 | — | 89 | Large Cap Blend Equities | FIDJX vs RCKSX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.57 | 0.73 | 0.79 | 61 | Low Volatility | FIDJX vs FSUVX | |
| Muhlenkamp Fund | 0.60 | 0.68 | — | 59 | Large Cap Blend Equities | FIDJX vs MUHLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIDJX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.01 | 0.17 | 90 | Consumer Defensive | |
| Walmart Inc. | -0.12 | 0.15 | 0.26 | 62 | Consumer Defensive | |
| Coherent Corp. | 0.61 | 0.63 | 0.64 | 87 | Technology |
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