Looking to diversify beyond FIQRX? The mutual funds below have historically moved differently from FIQRX, 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 FIQRX
6 mutual funds have low correlation with FIQRX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Income Equity Fund (NOIEX) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | 0.22 | 0.43 | 0.52 | 77 | Large Cap Value Equities, Dividend, Actively Managed | FIQRX vs NOIEX | |
| Fidelity 500 Index Fund | 0.26 | 0.41 | 0.49 | 59 | S&P 500 | FIQRX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.41 | 0.49 | 54 | Large Cap Blend Equities | FIQRX vs FNILX | |
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.34 | 0.39 | 80 | Semiconductors, Technology Equities | FIQRX vs FSELX | |
| Fidelity Total Market Index Fund | 0.27 | 0.43 | 0.51 | 58 | Large Cap Blend Equities | FIQRX vs FSKAX |
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