Looking to diversify beyond FLIAX? The mutual funds below have historically moved differently from FLIAX, 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 FLIAX
16 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 0.10, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.10 | 0.27 | 0.37 | 53 | Energy Equities | FLIAX vs PSPFX | |
| Goehring & Rozencwajg Resources Fund | 0.13 | 0.26 | 0.35 | 55 | Energy Equities | FLIAX vs GRHIX | |
| NXG Cushing® Midstream Energy Fund | 0.16 | 0.23 | 0.30 | 58 | Energy Equities | FLIAX vs SRV | |
| Victory Global Energy Transition Fund Class Y | 0.18 | 0.30 | 0.38 | 96 | Energy Equities | FLIAX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.18 | 0.31 | 0.39 | 96 | Energy Equities | FLIAX vs RSNRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLIAX
Add FLIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLIAX