Looking to diversify beyond FIONX? The mutual funds below have the lowest correlation with FIONX — 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 FIONX.
Best Diversifiers for FIONX
0 mutual funds have low correlation with FIONX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.54, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.54 | 0.63 | 0.73 | 61 | Foreign Large Cap Equities | FIONX vs IVFIX | |
| Fidelity Select Semiconductors Portfolio | 0.57 | 0.54 | 0.60 | 92 | Semiconductors, Technology Equities | FIONX vs FSELX | |
| Thornburg Global Opportunities Fund | 0.62 | 0.72 | 0.78 | 86 | Foreign Large Cap Equities | FIONX vs THOIX | |
| Fidelity Blue Chip Growth Fund | 0.63 | 0.60 | 0.66 | 61 | Large Cap Growth Equities | FIONX vs FBGRX | |
| PIMCO RAE PLUS International Fund | 0.64 | 0.67 | 0.69 | 82 | Foreign Large Cap Equities | FIONX vs PTSIX |
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