Looking to diversify beyond FUIPX? The mutual funds below have historically moved differently from FUIPX, 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 FUIPX
0 mutual funds have low correlation with FUIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) (Small Cap Value Equities) with a 1Y correlation of 0.70, down from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.70 | 0.77 | 0.82 | 77 | Small Cap Value Equities | FUIPX vs VSIAX | |
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 80 | Semiconductors, Technology Equities | FUIPX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.80 | 0.77 | 81 | Target Retirement Date | FUIPX vs TDIFX | |
| Fidelity Emerging Markets Index Fund | 0.84 | 0.77 | 0.76 | 62 | Emerging Markets Equities | FUIPX vs FPADX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 85 | Target Retirement Date | FUIPX vs PDAHX |
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