Looking to diversify beyond FITLX? The mutual funds below have the lowest correlation with FITLX — 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 FITLX.
Best Diversifiers for FITLX
1 mutual funds have low correlation with FITLX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.28, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.14 | 0.13 | 72 | Large Cap Blend Equities | FITLX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.34 | 0.41 | 69 | Large Cap Blend Equities | FITLX vs ORDNX | |
| Manning & Napier High Yield Bond Series | 0.51 | 0.45 | 0.46 | 88 | High Yield Bonds | FITLX vs MNHYX | |
| Osterweis Strategic Income Fund | 0.55 | 0.51 | 0.53 | 89 | High Yield Bonds | FITLX vs OSTIX | |
| Pax High Yield Bond Fund | 0.59 | 0.50 | 0.50 | 71 | High Yield Bonds | FITLX vs PAXHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FITLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FITLX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.16, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.16 | 0.06 | 0.19 | 61 | Energy | |
| Walmart Inc. | -0.06 | 0.18 | 0.29 | 69 | Consumer Defensive | |
| Asics Corp ADR | 0.33 | 0.34 | 0.23 | 57 | Consumer Cyclical | |
| Apple Inc | 0.40 | 0.44 | 0.58 | 88 | Technology | |
| Fortinet, Inc. | 0.41 | 0.46 | 0.59 | 69 | Technology |
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