Looking to diversify beyond FIJBX? The mutual funds below have historically moved differently from FIJBX, 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 FIJBX
14 mutual funds have low correlation with FIJBX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.16 | 0.22 | 91 | Municipal Bonds | FIJBX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.20 | 0.23 | 94 | Municipal Bonds | FIJBX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | 0.05 | 0.08 | 80 | Semiconductors, Technology Equities | FIJBX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.25 | 0.35 | 100 | Municipal Bonds | FIJBX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.22 | 0.25 | 0.22 | 99 | Municipal Bonds | FIJBX vs TFCYX |
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