Looking to diversify beyond FUQIX? The mutual funds below have the lowest correlation with FUQIX — 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 FUQIX.
Best Diversifiers for FUQIX
1 mutual funds have low correlation with FUQIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.25, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.25 | 0.26 | 0.28 | 92 | Bank Loan | FUQIX vs FFRHX | |
| Baron Partners Fund | 0.58 | 0.59 | 0.65 | 72 | Large Cap Growth Equities | FUQIX vs BPTRX | |
| One Rock Fund | 0.64 | 0.72 | 0.75 | 87 | Large Cap Growth Equities | FUQIX vs ONERX | |
| Fidelity Select Semiconductors Portfolio | 0.65 | 0.74 | 0.76 | 96 | Semiconductors, Technology Equities | FUQIX vs FSELX | |
| ICON Equity Fund | 0.68 | 0.63 | 0.71 | 84 | Large Cap Growth Equities | FUQIX vs IOLZX |
See all 37 diversifiers for FUQIX
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