Looking to diversify beyond FIRCX? The mutual funds below have the lowest correlation with FIRCX — 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 FIRCX.
Best Diversifiers for FIRCX
3 mutual funds have low correlation with FIRCX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.21, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | -0.13 | -0.13 | 98 | REIT | FIRCX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | — | — | 100 | REIT | FIRCX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.26 | 0.32 | 0.42 | 94 | Semiconductors, Technology Equities | FIRCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.39 | 0.38 | 0.48 | 54 | Large Cap Growth Equities | FIRCX vs FBGRX | |
| Fidelity Series Real Estate Income Fund | 0.49 | 0.49 | 0.57 | 86 | REIT | FIRCX vs FSREX |
See all 9 diversifiers for FIRCX
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