Looking to diversify beyond FIQZX? The mutual funds below have the lowest correlation with FIQZX — 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 FIQZX.
Best Diversifiers for FIQZX
19 mutual funds have low correlation with FIQZX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.19 | 0.23 | 96 | Municipal Bonds | FIQZX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.05 | 0.06 | 97 | Semiconductors, Technology Equities | FIQZX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.24 | 0.25 | 95 | Municipal Bonds | FIQZX vs DMREX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.09 | 0.09 | 75 | Large Cap Growth Equities | FIQZX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.16 | 0.15 | 0.12 | 71 | Large Cap Blend Equities | FIQZX vs FSKAX |
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