Looking to diversify beyond FQTIX? The mutual funds below have the lowest correlation with FQTIX — 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 FQTIX.
Best Diversifiers for FQTIX
6 mutual funds have low correlation with FQTIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | -0.01 | 0.01 | 100 | High Yield Bonds | FQTIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.03 | 0.11 | 0.11 | 100 | High Yield Bonds | FQTIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.17 | 0.25 | 99 | High Yield Bonds | FQTIX vs RPHIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.28 | 0.30 | 0.38 | 91 | High Yield Bonds | FQTIX vs FFRIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.28 | 0.29 | 0.39 | 90 | High Yield Bonds | FQTIX vs FFRAX |
See all 114 diversifiers for FQTIX
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Diversification Analysis
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