Looking to diversify beyond FRIFX? The mutual funds below have historically moved differently from FRIFX, 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 FRIFX
11 mutual funds have low correlation with FRIFX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.31 | — | — | 99 | REIT | FRIFX vs QREARX | |
| Fidelity Series Treasury Bill Index Fund | -0.04 | 0.08 | 0.09 | 100 | Ultrashort Bond | FRIFX vs FHQFX | |
| Redwood Real Estate Income Fund | 0.03 | — | — | 100 | REIT | FRIFX vs CREMX | |
| Fidelity Advisor Semiconductors Fund Class Z | 0.03 | 0.14 | 0.32 | 82 | Technology Equities | FRIFX vs FIKGX | |
| Fidelity Select Semiconductors Portfolio | 0.03 | 0.15 | 0.32 | 80 | Semiconductors, Technology Equities | FRIFX vs FSELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRIFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.41, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.41 | 0.57 | 0.62 | 91 | Real Estate | |
| Realty Income Corporation | 0.62 | 0.64 | 0.68 | 77 | Real Estate | |
| Simon Property Group, Inc. | 0.64 | 0.64 | 0.68 | 94 | Real Estate |
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