Looking to diversify beyond FIQWX? The mutual funds below have the lowest correlation with FIQWX — 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 FIQWX.
Best Diversifiers for FIQWX
1 mutual funds have low correlation with FIQWX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.17 | 0.48 | 70 | Diversified Portfolio | FIQWX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.42 | 99 | Diversified Portfolio | FIQWX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.46 | 0.55 | 0.55 | 78 | Diversified Portfolio | FIQWX vs BLNDX | |
| Fidelity Select Semiconductors Portfolio | 0.48 | 0.49 | 0.57 | 94 | Semiconductors, Technology Equities | FIQWX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.48 | 0.54 | 0.65 | 58 | Large Cap Growth Equities | FIQWX vs FBGRX |
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