Looking to diversify beyond FQITX? The mutual funds below have the lowest correlation with FQITX — 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 FQITX.
Best Diversifiers for FQITX
0 mutual funds have low correlation with FQITX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.49, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.49 | 0.58 | 0.67 | 63 | Foreign Large Cap Equities | FQITX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.55 | 0.59 | 0.62 | 83 | Foreign Large Cap Equities | FQITX vs PTSIX | |
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.54 | 0.60 | 92 | Semiconductors, Technology Equities | FQITX vs FSELX | |
| SA International Value Fund | 0.56 | 0.62 | 0.68 | 89 | Foreign Large Cap Equities | FQITX vs SAHMX | |
| Thornburg Global Opportunities Fund | 0.58 | 0.67 | 0.73 | 86 | Foreign Large Cap Equities | FQITX vs THOIX |
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