Looking to diversify beyond FIQOX? The mutual funds below have the lowest correlation with FIQOX — 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 FIQOX.
Best Diversifiers for FIQOX
2 mutual funds have low correlation with FIQOX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.16, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.28 | 0.47 | 75 | Global Equities | FIQOX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.36 | 0.55 | 68 | Global Equities | FIQOX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.38 | 0.50 | 0.64 | 69 | Global Equities | FIQOX vs VMNVX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.39 | 0.51 | 0.64 | 69 | Global Equities | FIQOX vs VMVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.41 | 0.40 | 0.57 | 91 | Global Equities | FIQOX vs FMIEX |
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