Looking to diversify beyond FMIEX? The mutual funds below have the lowest correlation with FMIEX — 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 FMIEX.
Best Diversifiers for FMIEX
1 mutual funds have low correlation with FMIEX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.29 | 0.25 | 0.35 | 88 | Technology Equities, Global Equities | FMIEX vs PGTIX | |
| Baron Global Advantage Fund | 0.32 | 0.31 | 0.41 | 55 | Global Equities | FMIEX vs BGAIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.33 | 0.36 | 0.45 | 69 | Emerging Markets Diversified | FMIEX vs WAEMX | |
| American Funds The New Economy Fund Class R-3 | 0.38 | 0.39 | 0.52 | 87 | Global Equities | FMIEX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.38 | 0.39 | 0.52 | 88 | Global Equities | FMIEX vs NEFFX |
See all 98 diversifiers for FMIEX
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