Looking to diversify beyond FIWBX? The mutual funds below have the lowest correlation with FIWBX — 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 FIWBX.
Best Diversifiers for FIWBX
1 mutual funds have low correlation with FIWBX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.17 | 0.46 | 64 | Diversified Portfolio | FIWBX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.65 | 96 | Diversified Portfolio | FIWBX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.64 | 96 | Diversified Portfolio | FIWBX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.65 | 95 | Diversified Portfolio | FIWBX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.58 | 0.65 | 96 | Diversified Portfolio | FIWBX vs FSRRX |
See all 28 diversifiers for FIWBX
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