Looking to diversify beyond FTIEX? The mutual funds below have historically moved differently from FTIEX, 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 FTIEX
2 mutual funds have low correlation with FTIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.12 | 0.05 | 0.04 | 99 | Ultrashort Bond | FTIEX vs FCNVX | |
| Fidelity Floating Rate High Income Fund | 0.22 | 0.26 | 0.35 | 93 | Bank Loan | FTIEX vs FFRHX | |
| Federated Hermes International Strategic Value Div... | 0.42 | 0.53 | 0.65 | 88 | Foreign Large Cap Equities | FTIEX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.70 | 0.78 | 54 | Foreign Large Cap Equities | FTIEX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.45 | 0.70 | 0.78 | 53 | Foreign Large Cap Equities | FTIEX vs GSINX |
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