Looking to diversify beyond FITFX? The mutual funds below have the lowest correlation with FITFX — 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 FITFX.
Best Diversifiers for FITFX
4 mutual funds have low correlation with FITFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex Conservative Income Bond Fund (FJTDX) (Total Bond Market) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex Conservative Income Bond Fund | 0.06 | 0.09 | 0.06 | 99 | Total Bond Market | FITFX vs FJTDX | |
| Fidelity Flex Conservative Income Municipal Bond F... | 0.08 | 0.07 | 0.07 | 98 | Municipal Bonds | FITFX vs FUEMX | |
| Fidelity Flex Municipal Income Fund | 0.24 | 0.19 | 0.17 | 73 | Municipal Bonds | FITFX vs FUENX | |
| Baird Strategic Municipal Bond Fund | 0.27 | 0.24 | 0.21 | 82 | Municipal Bonds | FITFX vs BSNSX | |
| PIMCO RAE PLUS International Fund | 0.64 | 0.66 | 0.68 | 83 | Foreign Large Cap Equities | FITFX vs PTSIX |
See all 42 diversifiers for FITFX
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Diversification Analysis
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