Looking to diversify beyond FILFX? The mutual funds below have the lowest correlation with FILFX — 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 FILFX.
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 -0.17, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.06 | 0.19 | 79 | Commodities | FILFX vs FIFGX | |
| Fidelity SAI Municipal Income Fund | 0.20 | 0.18 | 0.16 | 64 | Municipal Bonds | FILFX vs FSMNX | |
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.50 | 0.59 | 97 | Semiconductors, Technology Equities | FILFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.54 | 0.56 | 0.65 | 75 | Large Cap Growth Equities | FILFX vs FBGRX | |
| Kopernik International Fund | 0.56 | 0.47 | 0.60 | 82 | Foreign Large Cap Equities | FILFX vs KGIIX |
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