Looking to diversify beyond FIQSX? The mutual funds below have historically moved differently from FIQSX, 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 FIQSX
10 mutual funds have low correlation with FIQSX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.05 | 0.14 | 0.26 | 73 | High Yield Bonds | FIQSX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.10 | 0.05 | 0.13 | 100 | Bank Loan, High Yield Bonds | FIQSX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.12 | 0.10 | 100 | High Yield Bonds | FIQSX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.12 | 0.16 | 100 | High Yield Bonds | FIQSX vs RPHIX | |
| Fidelity Select Semiconductors Portfolio | 0.21 | 0.16 | 0.22 | 80 | Semiconductors, Technology Equities | FIQSX vs FSELX |
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