Looking to diversify beyond FIWGX? The mutual funds below have historically moved differently from FIWGX, 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 FIWGX
12 mutual funds have low correlation with FIWGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.36, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.36 | -0.17 | -0.04 | 79 | Commodities | FIWGX vs FIFGX | |
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.07 | 0.09 | 80 | Semiconductors, Technology Equities | FIWGX vs FSELX | |
| Fidelity SAI Emerging Markets Index Fund | 0.24 | 0.14 | 0.13 | 59 | Emerging Markets Equities | FIWGX vs FERGX | |
| Fidelity SAI Canada Equity Index Fund | 0.27 | — | — | 88 | Canada Equities | FIWGX vs FSCJX | |
| Fidelity ZERO Large Cap Index Fund | 0.27 | 0.21 | 0.18 | 59 | Large Cap Blend Equities | FIWGX vs FNILX |
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