Looking to diversify beyond FLIAX? The mutual funds below have the lowest correlation with FLIAX — 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 FLIAX.
Best Diversifiers for FLIAX
10 mutual funds have low correlation with FLIAX (below 0.3), 0 of which are negatively correlated. The least correlated is U.S. Global Investors Global Resources Fund (PSPFX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.14 | 0.29 | 0.38 | 56 | Energy Equities | FLIAX vs PSPFX | |
| Victory Global Energy Transition Fund Class Y | 0.22 | 0.32 | 0.39 | 96 | Energy Equities | FLIAX vs RSNYX | |
| Rydex Energy Services Fund | 0.22 | 0.30 | 0.35 | 63 | Energy Equities | FLIAX vs RYVIX | |
| Victory Global Energy Transition Fund | 0.22 | 0.33 | 0.39 | 95 | Energy Equities | FLIAX vs RSNRX | |
| Oil Equipment & Services UltraSector ProFund | 0.22 | 0.30 | 0.33 | 70 | Energy Equities | FLIAX vs OEPIX |
See all 18 diversifiers for FLIAX
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