Looking to diversify beyond FIVQX? The mutual funds below have historically moved differently from FIVQX, 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 FIVQX
0 mutual funds have low correlation with FIVQX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.52, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.49 | 0.56 | 80 | Semiconductors, Technology Equities | FIVQX vs FSELX | |
| Federated Hermes International Strategic Value Div... | 0.54 | 0.60 | 0.72 | 88 | Foreign Large Cap Equities | FIVQX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.60 | 0.74 | 0.81 | 61 | Foreign Large Cap Equities | FIVQX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.60 | 0.74 | 0.81 | 61 | Foreign Large Cap Equities | FIVQX vs GSIMX | |
| Kopernik International Fund | 0.61 | 0.50 | 0.62 | 66 | Foreign Large Cap Equities | FIVQX vs KGIIX |
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