Looking to diversify beyond FIPEX? The mutual funds below have historically moved differently from FIPEX, 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 FIPEX
7 mutual funds have low correlation with FIPEX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.07, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.07 | 0.24 | 0.31 | 86 | Inflation-Protected Bonds | FIPEX vs SEIAX | |
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.07 | 0.09 | 80 | Semiconductors, Technology Equities | FIPEX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.20 | 0.17 | 59 | Large Cap Blend Equities | FIPEX vs FNILX | |
| Fidelity 500 Index Fund | 0.22 | 0.20 | 0.17 | 64 | S&P 500 | FIPEX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.22 | 0.20 | 0.17 | 64 | Large Cap Blend Equities | FIPEX vs FZROX |
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