Looking to diversify beyond FUIPX? The mutual funds below have the lowest correlation with FUIPX — 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 FUIPX.
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 0.72, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.72 | 0.78 | 0.83 | 51 | Small Cap Value Equities | FUIPX vs VSIAX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.78 | 92 | Semiconductors, Technology Equities | FUIPX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 83 | Target Retirement Date | FUIPX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.78 | 0.78 | 83 | Target Retirement Date | FUIPX vs FRQKX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 70 | Target Retirement Date | FUIPX vs FRQIX |
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