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) (Total Bond Market) with a 1Y correlation of 0.08, 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... | 0.08 | 0.04 | 0.03 | 99 | Total Bond Market | FTIEX vs FCNVX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.27 | 0.35 | 92 | Bank Loan | FTIEX vs FFRHX | |
| PIMCO RAE PLUS International Fund | 0.58 | 0.61 | 0.64 | 79 | Foreign Large Cap Equities | FTIEX vs PTSIX | |
| Kopernik International Fund | 0.64 | 0.55 | 0.66 | 53 | Foreign Large Cap Equities | FTIEX vs KGIIX | |
| SA International Value Fund | 0.65 | 0.67 | 0.74 | 88 | Foreign Large Cap Equities | FTIEX vs SAHMX |
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