Looking to diversify beyond FNIAX? The mutual funds below have historically moved differently from FNIAX, 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 FNIAX
0 mutual funds have low correlation with FNIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.31, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.31 | 0.40 | 0.53 | 87 | Diversified Portfolio | FNIAX vs FKINX | |
| Fidelity Select Biotechnology Portfolio | 0.39 | 0.45 | 0.53 | 94 | Health & Biotech Equities | FNIAX vs FBIOX | |
| Columbia Dividend Income Fund | 0.49 | 0.56 | 0.70 | 90 | Large Cap Value Equities | FNIAX vs GSFTX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.51 | 0.57 | 0.68 | 77 | Small Cap Value Equities | FNIAX vs VSIAX | |
| Fidelity International Value Fund | 0.65 | 0.62 | 0.66 | 77 | Foreign Large Cap Equities | FNIAX vs FIVLX |
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