Looking to diversify beyond FIIVX? The mutual funds below have the lowest correlation with FIIVX — 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 FIIVX.
Best Diversifiers for FIIVX
1 mutual funds have low correlation with FIIVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.25, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.14 | 0.09 | 92 | Long-Short | FIIVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.47 | 0.22 | -0.00 | 67 | Systematic Trend | FIIVX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.70 | 0.73 | 75 | Large Cap Growth Equities | FIIVX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.82 | 0.82 | 0.84 | 83 | Target Retirement Date | FIIVX vs DRILX | |
| iShares S&P 500 Index Fund | 0.82 | 0.77 | 0.79 | 73 | S&P 500 | FIIVX vs WFSPX |
See all 44 diversifiers for FIIVX
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Diversification Analysis
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