Looking to diversify beyond FIQFX? The mutual funds below have the lowest correlation with FIQFX — 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 FIQFX.
Best Diversifiers for FIQFX
0 mutual funds have low correlation with FIQFX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley China A Share Fund (CAF) (China Equities) with a 1Y correlation of 0.58, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley China A Share Fund | 0.58 | 0.61 | 0.67 | 85 | China Equities | FIQFX vs CAF | |
| Matthews China Small Companies Fund | 0.61 | 0.71 | 0.76 | 96 | China Equities | FIQFX vs MCSMX | |
| BlackRock China A Opportunities Fund | 0.65 | 0.64 | 0.68 | 86 | China Equities | FIQFX vs CHILX | |
| Fidelity ZERO Large Cap Index Fund | 0.67 | 0.58 | 0.56 | 62 | Large Cap Blend Equities | FIQFX vs FNILX | |
| Fidelity 500 Index Fund | 0.67 | 0.58 | 0.55 | 65 | S&P 500 | FIQFX vs FXAIX |
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