Looking to diversify beyond FIKFX? The mutual funds below have the lowest correlation with FIKFX — 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 FIKFX.
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) (Total Bond Market) with a 1Y correlation of 0.52, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Fund | 0.52 | 0.53 | 0.56 | 62 | Total Bond Market | FIKFX vs FSHBX | |
| Fidelity Select Semiconductors Portfolio | 0.53 | 0.47 | 0.50 | 97 | Semiconductors, Technology Equities | FIKFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.56 | 0.58 | 75 | Large Cap Growth Equities | FIKFX vs FBGRX | |
| Fidelity Capital & Income Fund | 0.66 | 0.66 | 0.67 | 93 | High Yield Bonds | FIKFX vs FAGIX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.71 | 0.67 | 0.58 | 68 | Target Retirement Date | FIKFX vs MURNX |
See all 629 diversifiers for FIKFX
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