Looking to diversify beyond FILFX? The mutual funds below have historically moved differently from FILFX, 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 FILFX
2 mutual funds have low correlation with FILFX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.18 | 0.02 | 0.17 | 79 | Commodities | FILFX vs FIFGX | |
| Fidelity SAI Municipal Income Fund | 0.26 | 0.19 | 0.17 | 68 | Municipal Bonds | FILFX vs FSMNX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.41 | 0.65 | 0.75 | 61 | Foreign Large Cap Equities | FILFX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.42 | 0.65 | 0.75 | 61 | Foreign Large Cap Equities | FILFX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.46 | 0.62 | 0.70 | 71 | Quality Factor, Foreign Large Cap Equities | FILFX vs GQJPX |
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