Looking to diversify beyond FIOFX? The mutual funds below have the lowest correlation with FIOFX — 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 FIOFX.
Best Diversifiers for FIOFX
0 mutual funds have low correlation with FIOFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund (BDMAX) (Equity Market Neutral) with a 1Y correlation of 0.37, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | 0.37 | 0.21 | 0.12 | 96 | Equity Market Neutral | FIOFX vs BDMAX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.78 | 92 | Semiconductors, Technology Equities | FIOFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 84 | Target Retirement Date | FIOFX vs TDIFX | |
| Fidelity Managed Retirement Income Fund | 0.81 | 0.77 | 0.74 | 82 | Target Retirement Date | FIOFX vs FIRMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 70 | Target Retirement Date | FIOFX vs FRQIX |
See all 84 diversifiers for FIOFX
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