Looking to diversify beyond FPDIX? The mutual funds below have the lowest correlation with FPDIX — 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 FPDIX.
Best Diversifiers for FPDIX
1 mutual funds have low correlation with FPDIX (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 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.20 | 0.53 | 75 | Diversified Portfolio | FPDIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.61 | 82 | Diversified Portfolio | FPDIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.52 | 0.61 | 87 | Diversified Portfolio | FPDIX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.53 | 0.62 | 86 | Diversified Portfolio | FPDIX vs FSRRX | |
| Concorde Wealth Management Fund | 0.34 | 0.55 | 0.70 | 62 | Diversified Portfolio | FPDIX vs CONWX |
See all 29 diversifiers for FPDIX
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Diversification Analysis
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