Looking to diversify beyond FOKFX? The mutual funds below have historically moved differently from FOKFX, 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 FOKFX
0 mutual funds have low correlation with FOKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Strategic Dividend & Income Fund (FSDIX) (Diversified Portfolio) with a 1Y correlation of 0.45, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Strategic Dividend & Income Fund | 0.45 | 0.51 | 0.63 | 52 | Diversified Portfolio | FOKFX vs FSDIX | |
| Provident Trust Strategy Fund | 0.46 | 0.61 | 0.75 | 51 | Large Cap Growth Equities | FOKFX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.67 | 0.75 | 91 | Large Cap Growth Equities | FOKFX vs DNVYX | |
| ICON Equity Fund | 0.64 | 0.56 | 0.68 | 79 | Large Cap Growth Equities | FOKFX vs IOLZX | |
| Fidelity International Index Fund | 0.66 | 0.59 | 0.66 | 64 | Foreign Large Cap Equities | FOKFX vs FSPSX |
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