Looking to diversify beyond FIFOX? The mutual funds below have the lowest correlation with FIFOX — 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 FIFOX.
Best Diversifiers for FIFOX
0 mutual funds have low correlation with FIFOX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.57, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.57 | 0.64 | 0.71 | 72 | Large Cap Growth Equities | FIFOX vs BPTRX | |
| ICON Equity Fund | 0.69 | 0.68 | 0.78 | 84 | Large Cap Growth Equities | FIFOX vs IOLZX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.69 | 0.77 | 0.81 | 96 | Semiconductors, Technology Equities, Actively Managed | FIFOX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.78 | 0.81 | 96 | Semiconductors, Technology Equities | FIFOX vs FSELX | |
| Davis New York Venture Fund Class Y | 0.72 | 0.77 | 0.82 | 80 | Large Cap Growth Equities | FIFOX vs DNVYX |
See all 34 diversifiers for FIFOX
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Diversification Analysis
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