Looking to diversify beyond FIQZX? The mutual funds below have historically moved differently from FIQZX, 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 FIQZX
17 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 0.03, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.03 | 0.17 | 0.23 | 91 | Municipal Bonds | FIQZX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FIQZX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.23 | 0.26 | 94 | Municipal Bonds | FIQZX vs DMREX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.15 | 0.13 | 59 | Large Cap Blend Equities | FIQZX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.15 | 0.12 | 64 | S&P 500 | FIQZX vs FXAIX |
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