Looking to diversify beyond FMIJX? The mutual funds below have the lowest correlation with FMIJX — 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 FMIJX.
Best Diversifiers for FMIJX
2 mutual funds have low correlation with FMIJX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.06, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.06 | 0.20 | 0.31 | 62 | Energy Equities | FMIJX vs FSENX | |
| Fidelity Floating Rate High Income Fund | 0.13 | 0.26 | 0.31 | 93 | Bank Loan | FMIJX vs FFRHX | |
| Fidelity Select Technology Portfolio | 0.34 | 0.46 | 0.58 | 83 | Technology Equities | FMIJX vs FSPTX | |
| Federated Hermes International Strategic Value Div... | 0.42 | 0.46 | 0.58 | 63 | Foreign Large Cap Equities | FMIJX vs IVFIX | |
| EuroPac International Dividend Income Fund | 0.45 | 0.48 | 0.54 | 76 | Foreign Large Cap Equities | FMIJX vs EPDIX |
See all 28 diversifiers for FMIJX
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