Looking to diversify beyond FUQIX? The mutual funds below have historically moved differently from FUQIX, 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 FUQIX
3 mutual funds have low correlation with FUQIX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.17, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.17 | 0.31 | 0.47 | 62 | Quality Factor, Large Cap Value Equities | FUQIX vs GQHPX | |
| GQG Partners Global Quality Dividend Income Fund | 0.05 | 0.39 | 0.50 | 70 | Quality Factor, Global Equities | FUQIX vs GQFPX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.25 | 0.28 | 95 | Bank Loan | FUQIX vs FFRHX | |
| GQG Partners International Quality Dividend Income... | 0.31 | 0.45 | 0.48 | 71 | Quality Factor, Foreign Large Cap Equities | FUQIX vs GQJPX | |
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.71 | 0.75 | 80 | Semiconductors, Technology Equities | FUQIX vs FSELX |
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