Looking to diversify beyond FIKRX? The mutual funds below have historically moved differently from FIKRX, 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 FIKRX
2 mutual funds have low correlation with FIKRX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.04 | 0.07 | 80 | Semiconductors, Technology Equities | FIKRX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.25 | -0.12 | -0.22 | 99 | Total Bond Market | FIKRX vs JSOSX | |
| Fidelity ZERO Large Cap Index Fund | 0.34 | 0.19 | 0.16 | 59 | Large Cap Blend Equities | FIKRX vs FNILX | |
| Fidelity 500 Index Fund | 0.34 | 0.18 | 0.16 | 64 | S&P 500 | FIKRX vs FXAIX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.36 | 0.50 | 0.59 | 99 | Total Bond Market | FIKRX vs VUBFX |
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