Looking to diversify beyond FIQPX? The mutual funds below have historically moved differently from FIQPX, 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 FIQPX
0 mutual funds have low correlation with FIQPX (below 0.3), 0 of which are negatively correlated. The least correlated is Commonwealth Japan Fund (CNJFX) (Japan Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Commonwealth Japan Fund | 0.45 | 0.42 | 0.46 | 63 | Japan Equities, Asia Pacific Equities | FIQPX vs CNJFX | |
| DFA Japanese Small Company Portfolio | 0.48 | 0.45 | 0.47 | 69 | Japan Equities, Asia Pacific Equities | FIQPX vs DFJSX | |
| Morgan Stanley China A Share Fund | 0.56 | 0.56 | 0.62 | 78 | China Equities, Asia Pacific Equities | FIQPX vs CAF | |
| Fidelity SAI Japan Stock Index Fund | 0.65 | 0.57 | 0.57 | 62 | Japan Equities, Asia Pacific Equities | FIQPX vs FSJPX | |
| Fidelity International Index Fund | 0.66 | 0.63 | 0.65 | 70 | Foreign Large Cap Equities | FIQPX vs FSPSX |
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