Looking to diversify beyond FIKHX? The mutual funds below have the lowest correlation with FIKHX — 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 FIKHX.
Best Diversifiers for FIKHX
3 mutual funds have low correlation with FIKHX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Diversified Income Fund (PDIIX) (Multisector Bonds) with a 1Y correlation of 0.10, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Diversified Income Fund | 0.10 | 0.20 | 0.29 | 66 | Multisector Bonds | FIKHX vs PDIIX | |
| ARK Venture Fund | 0.23 | 0.50 | — | 99 | Technology Equities | FIKHX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.25 | 0.46 | 0.62 | 72 | Technology Equities | FIKHX vs GTTIX | |
| Fidelity Total International Index Fund | 0.31 | 0.50 | 0.60 | 62 | Foreign Large Cap Equities | FIKHX vs FTIHX | |
| Fidelity ZERO International Index Fund | 0.32 | 0.50 | 0.61 | 65 | Foreign Large Cap Equities | FIKHX vs FZILX |
See all 59 diversifiers for FIKHX
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