Looking to diversify beyond FITMX? The mutual funds below have the lowest correlation with FITMX — 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 FITMX.
Best Diversifiers for FITMX
0 mutual funds have low correlation with FITMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.47, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.47 | 0.56 | 0.66 | 63 | Foreign Large Cap Equities | FITMX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.60 | 0.64 | 83 | Foreign Large Cap Equities | FITMX vs PTSIX | |
| Thornburg Global Opportunities Fund | 0.57 | 0.67 | 0.75 | 86 | Foreign Large Cap Equities | FITMX vs THOIX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.57 | 0.63 | 92 | Semiconductors, Technology Equities | FITMX vs FSELX | |
| SA International Value Fund | 0.64 | 0.67 | 0.74 | 89 | Foreign Large Cap Equities | FITMX vs SAHMX |
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