Looking to diversify beyond FIJEX? The mutual funds below have the lowest correlation with FIJEX — 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 FIJEX.
Best Diversifiers for FIJEX
5 mutual funds have low correlation with FIJEX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.10 | 0.17 | 80 | Short-Term Bond | FIJEX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.07 | 0.32 | 100 | Short-Term Bond | FIJEX vs DFCFX | |
| GuidepathConservative Income Fund | 0.24 | 0.36 | 0.42 | 99 | Short-Term Bond | FIJEX vs GPICX | |
| Holbrook Income Fund | 0.26 | 0.32 | 0.37 | 98 | Short-Term Bond | FIJEX vs HOBEX | |
| GuidePath Absolute Return Allocation Fund | 0.28 | 0.67 | 0.72 | 63 | Short-Term Bond | FIJEX vs GPARX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIJEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIJEX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.14 | 0.16 | 0.13 | 93 | Technology |
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