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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FUIPX vs FSELX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.74 | 0.79 | 0.83 | 53 | Small Cap Value Equities | FUIPX vs VSIAX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 77 | Target Retirement Date | FUIPX vs TDIFX | |
| Fidelity Emerging Markets Index Fund | 0.81 | 0.76 | 0.75 | 85 | Emerging Markets Diversified | FUIPX vs FPADX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.84 | 0.88 | 61 | Target Retirement Date | FUIPX vs LTTIX |
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