Looking to diversify beyond FLUVX? The mutual funds below have historically moved differently from FLUVX, 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 FLUVX
13 mutual funds have low correlation with FLUVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.06 | 0.08 | 80 | Semiconductors, Technology Equities | FLUVX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.27 | 0.37 | 100 | Municipal Bonds | FLUVX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.34 | 0.40 | 98 | Municipal Bonds | FLUVX vs USMSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.25 | 0.22 | 99 | Municipal Bonds | FLUVX vs TFCYX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.16 | 0.14 | 59 | Large Cap Blend Equities | FLUVX vs FNILX |
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