Looking to diversify beyond FIFGX? The mutual funds below have historically moved differently from FIFGX, 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 FIFGX
28 mutual funds have low correlation with FIFGX (below 0.3), 28 of which are negatively correlated. The least correlated is Fidelity SAI Municipal Income Fund (FSMNX) (Municipal Bonds) with a 1Y correlation of -0.31, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Municipal Income Fund | -0.31 | -0.15 | -0.05 | 68 | Municipal Bonds | FIFGX vs FSMNX | |
| Causeway International Value Instl | -0.25 | -0.00 | 0.14 | 52 | Foreign Large Cap Equities | FIFGX vs CIVIX | |
| LSV Small Cap Value Fund | -0.21 | 0.03 | 0.16 | 85 | Small Cap Value Equities | FIFGX vs LSVQX | |
| Washington Mutual Investors Fund Class F-2 | -0.19 | 0.01 | 0.16 | 59 | Large Cap Value Equities | FIFGX vs WMFFX | |
| Fidelity Total Market Index Fund | -0.18 | 0.00 | 0.13 | 63 | Large Cap Blend Equities | FIFGX vs FSKAX |
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