Looking to diversify beyond FIMVX? The mutual funds below have historically moved differently from FIMVX, 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 FIMVX
1 mutual funds have low correlation with FIMVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Short-Term Bond Index Fund (FNSOX) (Total Bond Market) with a 1Y correlation of 0.27, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Index Fund | 0.27 | 0.17 | 0.13 | 61 | Total Bond Market | FIMVX vs FNSOX | |
| PIMCO Income Fund Institutional Class | 0.45 | 0.36 | 0.39 | 52 | Multisector Bonds | FIMVX vs PIMIX | |
| Fidelity OTC Portfolio | 0.45 | 0.51 | 0.64 | 76 | Large Cap Growth Equities | FIMVX vs FOCPX | |
| Fidelity Select Semiconductors Portfolio | 0.47 | 0.50 | 0.60 | 80 | Semiconductors, Technology Equities | FIMVX vs FSELX | |
| Fidelity Emerging Markets K | 0.52 | 0.53 | 0.59 | 51 | Emerging Markets Equities | FIMVX vs FKEMX |
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