Looking to diversify beyond FLIIX? The mutual funds below have the lowest correlation with FLIIX — 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 FLIIX.
Best Diversifiers for FLIIX
7 mutual funds have low correlation with FLIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Oil Equipment & Services UltraSector ProFund (OEPIX) (Energy Equities) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 0.20 | 0.31 | 0.36 | 74 | Energy Equities | FLIIX vs OEPIX | |
| Rydex Energy Services Fund | 0.21 | 0.31 | 0.38 | 67 | Energy Equities | FLIIX vs RYVIX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.25 | 0.48 | 0.57 | 95 | Energy Equities | FLIIX vs MLOZX | |
| Victory Global Energy Transition Fund | 0.26 | 0.40 | 0.46 | 96 | Energy Equities | FLIIX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 0.26 | 0.39 | 0.46 | 96 | Energy Equities | FLIIX vs RSNYX |
See all 17 diversifiers for FLIIX
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