Looking to diversify beyond FIKHX? The mutual funds below have historically moved differently from FIKHX, 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 FIKHX
7 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 0.06, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Diversified Income Fund | 0.06 | 0.19 | 0.29 | 61 | Multisector Bonds | FIKHX vs PDIIX | |
| ARK Venture Fund | 0.17 | 0.48 | — | 99 | Technology Equities | FIKHX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.22 | 0.44 | 0.61 | 58 | Technology Equities | FIKHX vs GTTIX | |
| Fidelity International Index Fund | 0.27 | 0.43 | 0.57 | 70 | Foreign Large Cap Equities | FIKHX vs FSPSX | |
| Fidelity Total International Index Fund | 0.27 | 0.47 | 0.59 | 73 | Foreign Large Cap Equities | FIKHX vs FTIHX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIKHX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.09, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.09 | 0.11 | 0.31 | 61 | Financial Services |
Build a portfolio that complements FIKHX
Add FIKHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIKHX