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
13 mutual funds have low correlation with FLIAX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.14, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.14 | 0.22 | 0.30 | 75 | Energy Equities | FLIAX vs SRV | |
| Victory Global Energy Transition Fund | 0.21 | 0.32 | 0.39 | 94 | Energy Equities | FLIAX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 0.21 | 0.32 | 0.38 | 95 | Energy Equities | FLIAX vs RSNYX | |
| Rydex Energy Services Fund | 0.21 | 0.29 | 0.34 | 68 | Energy Equities | FLIAX vs RYVIX | |
| Oil Equipment & Services UltraSector ProFund | 0.22 | 0.28 | 0.32 | 74 | Energy Equities | FLIAX vs OEPIX |
See all 23 diversifiers for FLIAX
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