Looking to diversify beyond FIKFX? The mutual funds below have historically moved differently from FIKFX, 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 FIKFX
0 mutual funds have low correlation with FIKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Short-Term Bond Fund (FSHBX) (Short-Term Bond) with a 1Y correlation of 0.48, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Fund | 0.48 | 0.51 | 0.56 | 70 | Short-Term Bond, Investment Grade Bonds, Actively Managed | FIKFX vs FSHBX | |
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.48 | 0.50 | 80 | Semiconductors, Technology Equities | FIKFX vs FSELX | |
| American Funds Income Fund of America Class F1 | 0.65 | 0.67 | 0.67 | 80 | Global Allocation | FIKFX vs IFAFX | |
| Fidelity Capital & Income Fund | 0.69 | 0.67 | 0.68 | 67 | High Yield Bonds | FIKFX vs FAGIX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.75 | — | — | 60 | Target Retirement Date | FIKFX vs FAELX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FIKFX
Add FIKFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIKFX