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
10 mutual funds have low correlation with FLIIX (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 0.12, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.12 | 0.22 | 0.32 | 73 | Energy Equities | FLIIX vs SRV | |
| Fidelity Select Energy Portfolio | 0.18 | 0.31 | 0.37 | 62 | Energy Equities | FLIIX vs FSENX | |
| Oil Equipment & Services UltraSector ProFund | 0.20 | 0.30 | 0.35 | 76 | Energy Equities | FLIIX vs OEPIX | |
| Rydex Energy Services Fund | 0.21 | 0.30 | 0.37 | 69 | Energy Equities | FLIIX vs RYVIX | |
| Guinness Atkinson Global Energy Fund | 0.21 | 0.33 | 0.38 | 56 | Energy Equities | FLIIX vs GAGEX |
See all 22 diversifiers for FLIIX
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