Looking to diversify beyond FIOOX? The mutual funds below have the lowest correlation with FIOOX — 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 FIOOX.
Best Diversifiers for FIOOX
1 mutual funds have low correlation with FIOOX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.19, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.19 | 0.59 | 0.79 | 67 | Large Cap Value Equities | FIOOX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.47 | 0.63 | 0.74 | 80 | Large Cap Value Equities | FIOOX vs SVAIX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.49 | 0.58 | 96 | Semiconductors, Technology Equities | FIOOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.56 | 0.54 | 0.66 | 68 | Large Cap Growth Equities | FIOOX vs FBGRX | |
| Rational Equity Armor Fund | 0.64 | 0.62 | 0.72 | 56 | Large Cap Value Equities | FIOOX vs HDCTX |
See all 41 diversifiers for FIOOX
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