Looking to diversify beyond FUMBX? The mutual funds below have the lowest correlation with FUMBX — 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 FUMBX.
Best Diversifiers for FUMBX
17 mutual funds have low correlation with FUMBX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.01, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.01 | 0.03 | 0.40 | 65 | Short-Term Bond | FUMBX vs DFCFX | |
| Fidelity Select Semiconductors Portfolio | 0.04 | -0.01 | 0.01 | 96 | Semiconductors, Technology Equities | FUMBX vs FSELX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.09 | 0.07 | 92 | Bank Loan | FUMBX vs FFRHX | |
| Leader Short Term High Yield Bond Fund | 0.15 | 0.13 | 0.17 | 80 | Short-Term Bond | FUMBX vs LCCMX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.05 | 0.05 | 68 | Large Cap Growth Equities | FUMBX vs FBGRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUMBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUMBX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | -0.05 | -0.02 | 72 | Technology | |
| AbbVie Inc. | 0.10 | 0.06 | 0.05 | 75 | Healthcare | |
| Apple Inc | 0.11 | 0.07 | 0.06 | 87 | Technology | |
| Amazon.com, Inc | 0.12 | 0.03 | 0.07 | 54 | Consumer Cyclical |
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