Looking to diversify beyond FMWIX? The mutual funds below have the lowest correlation with FMWIX — 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 FMWIX.
Best Diversifiers for FMWIX
1 mutual funds have low correlation with FMWIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | — | 67 | Diversified Portfolio | FMWIX vs MHELX | |
| Concorde Wealth Management Fund | 0.37 | 0.51 | 0.57 | 55 | Diversified Portfolio | FMWIX vs CONWX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.59 | — | 87 | Diversified Portfolio | FMWIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.59 | — | 86 | Diversified Portfolio | FMWIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.58 | — | 88 | Diversified Portfolio | FMWIX vs FIQDX |
See all 37 diversifiers for FMWIX
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