Looking to diversify beyond FIWCX? The mutual funds below have historically moved differently from FIWCX, 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 FIWCX
0 mutual funds have low correlation with FIWCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.46, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.46 | 0.44 | 0.51 | 80 | Semiconductors, Technology Equities | FIWCX vs FSELX | |
| Pear Tree Polaris Foreign Value Fund | 0.55 | 0.66 | 0.72 | 88 | Foreign Large Cap Equities | FIWCX vs QFVOX | |
| Federated Hermes International Strategic Value Div... | 0.57 | 0.64 | 0.74 | 88 | Foreign Large Cap Equities | FIWCX vs IVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.59 | 0.62 | 0.73 | 52 | Foreign Large Cap Equities | FIWCX vs TIVFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.61 | 0.69 | 0.77 | 61 | Foreign Large Cap Equities | FIWCX vs GSIMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FIWCX
Add FIWCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIWCX