Looking to diversify beyond FQIFX? The mutual funds below have the lowest correlation with FQIFX — 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 FQIFX.
Best Diversifiers for FQIFX
1 mutual funds have low correlation with FQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.22, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.22 | 0.28 | 0.33 | 93 | High Yield Bonds | FQIFX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.67 | 0.71 | 97 | Semiconductors, Technology Equities | FQIFX vs FSELX | |
| Northern Income Equity Fund | 0.78 | 0.84 | 0.86 | 83 | Large Cap Value Equities | FQIFX vs NOIEX | |
| Fidelity Blue Chip Growth Fund | 0.78 | 0.77 | 0.81 | 75 | Large Cap Growth Equities | FQIFX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.89 | 0.87 | 85 | Target Retirement Date | FQIFX vs TDIFX |
See all 74 diversifiers for FQIFX
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