Looking to diversify beyond FNIAX? The mutual funds below have the lowest correlation with FNIAX — 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 FNIAX.
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 0.35, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.35 | 0.42 | 0.54 | 84 | Diversified Portfolio | FNIAX vs FKINX | |
| Fidelity Select Biotechnology Portfolio | 0.45 | 0.46 | 0.54 | 85 | Health & Biotech Equities | FNIAX vs FBIOX | |
| Baron Partners Fund | 0.47 | 0.58 | 0.67 | 72 | Large Cap Growth Equities | FNIAX vs BPTRX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.53 | 0.58 | 0.69 | 53 | Small Cap Value Equities | FNIAX vs VSIAX | |
| Fidelity China Region Fund | 0.63 | 0.57 | 0.56 | 94 | China Equities | FNIAX vs FHKCX |
See all 43 diversifiers for FNIAX
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