Looking to diversify beyond FIWTX? The mutual funds below have the lowest correlation with FIWTX — 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 FIWTX.
Best Diversifiers for FIWTX
0 mutual funds have low correlation with FIWTX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM High Yield Fund Class R6 (PHYQX) (High Yield Bonds) with a 1Y correlation of 0.61, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM High Yield Fund Class R6 | 0.61 | 0.61 | 0.62 | 75 | High Yield Bonds | FIWTX vs PHYQX | |
| Fidelity Select Semiconductors Portfolio | 0.65 | 0.65 | 0.69 | 97 | Semiconductors, Technology Equities | FIWTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.76 | 0.75 | 0.79 | 75 | Large Cap Growth Equities | FIWTX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.90 | 0.88 | 83 | Target Retirement Date | FIWTX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.87 | 0.89 | 83 | Target Retirement Date | FIWTX vs DRILX |
See all 65 diversifiers for FIWTX
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