Looking to diversify beyond FNILX? The mutual funds below have historically moved differently from FNILX, 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 FNILX
52 mutual funds have low correlation with FNILX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.16 | 0.02 | 0.14 | 74 | Commodities | FNILX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.08 | 0.19 | 0.32 | 88 | Energy Equities | FNILX vs FSENX | |
| Fidelity Series Commodity Strategy Fund | 0.01 | 0.10 | 0.18 | 69 | Commodities | FNILX vs FCSSX | |
| Fidelity Commodity Strategy Fund | 0.02 | 0.10 | 0.18 | 65 | Commodities | FNILX vs FYHTX | |
| Fidelity Series Treasury Bill Index Fund | 0.02 | 0.02 | 0.03 | 100 | Ultrashort Bond | FNILX vs FHQFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNILX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.04 | 0.10 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | 0.01 | 0.19 | 86 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.04 | 0.20 | 76 | Energy | |
| Exxon Mobil Corporation | -0.20 | 0.03 | 0.17 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.06 | 0.20 | 68 | Energy |
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