Looking to diversify beyond FIQDX? The mutual funds below have historically moved differently from FIQDX, 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 FIQDX
47 mutual funds have low correlation with FIQDX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.00, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.12 | 0.37 | 73 | Diversified Portfolio | FIQDX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.09 | 0.24 | 0.33 | 99 | Diversified Portfolio | FIQDX vs STDAX | |
| Federated Hermes Capital Income Fund | 0.12 | 0.40 | 0.54 | 78 | Diversified Portfolio | FIQDX vs CAPAX | |
| Virtus Diversified Income & Convertible Fund | 0.20 | 0.33 | 0.41 | 57 | Diversified Portfolio, Convertible Bonds | FIQDX vs ACV | |
| Fidelity Select Semiconductors Portfolio | 0.22 | 0.30 | 0.37 | 82 | Semiconductors, Technology Equities | FIQDX vs FSELX |
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