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
0 mutual funds have low correlation with FIQOX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.44, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.44 | 0.51 | 0.65 | 81 | Global Equities | FIQOX vs RTXAX | |
| Polaris Global Value Fund | 0.48 | 0.57 | 0.68 | 89 | Global Equities | FIQOX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.49 | 0.42 | 0.59 | 89 | Global Equities | FIQOX vs FMIEX | |
| SEI Institutional Investments Trust Global Managed... | 0.51 | 0.54 | 0.65 | 55 | Global Equities | FIQOX vs SGMAX | |
| T. Rowe Price Real Assets Fund | 0.51 | 0.56 | 0.68 | 58 | Global Equities | FIQOX vs PRAFX |
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