Looking to diversify beyond FTIWX? The mutual funds below have the lowest correlation with FTIWX — 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 FTIWX.
Best Diversifiers for FTIWX
2 mutual funds have low correlation with FTIWX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.37 | 80 | Diversified Portfolio | FTIWX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.13 | 0.08 | 94 | Long-Short | FTIWX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.61 | 0.62 | 87 | Diversified Portfolio | FTIWX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.61 | 0.62 | 86 | Diversified Portfolio | FTIWX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.60 | 0.61 | 82 | Diversified Portfolio | FTIWX vs FCSRX |
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