Looking to diversify beyond FTIEX? The mutual funds below have the lowest correlation with FTIEX — 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 FTIEX.
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 0.11, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.11 | 0.05 | 0.03 | 100 | Ultrashort Bond | FTIEX vs FCNVX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.26 | 0.35 | 93 | Bank Loan | FTIEX vs FFRHX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.54 | 0.66 | 63 | Foreign Large Cap Equities | FTIEX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.58 | 0.60 | 0.64 | 83 | Foreign Large Cap Equities | FTIEX vs PTSIX | |
| SA International Value Fund | 0.65 | 0.66 | 0.74 | 89 | Foreign Large Cap Equities | FTIEX vs SAHMX |
See all 42 diversifiers for FTIEX
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