Looking to diversify beyond FIKLX? The mutual funds below have the lowest correlation with FIKLX — 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 FIKLX.
Best Diversifiers for FIKLX
3 mutual funds have low correlation with FIKLX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.20 | — | — | 98 | REIT | FIKLX vs QREARX | |
| Redwood Real Estate Income Fund | -0.02 | — | — | 100 | REIT | FIKLX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.32 | 0.42 | 94 | Semiconductors, Technology Equities | FIKLX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.38 | 0.38 | 0.48 | 54 | Large Cap Growth Equities | FIKLX vs FBGRX | |
| Fidelity 500 Index Fund | 0.49 | 0.46 | 0.53 | 52 | S&P 500 | FIKLX vs FXAIX |
See all 9 diversifiers for FIKLX
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