Looking to diversify beyond FXAIX? The mutual funds below have historically moved differently from FXAIX, 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 FXAIX
74 mutual funds have low correlation with FXAIX (below 0.3), 9 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.18 | 0.00 | 0.13 | 74 | Commodities | FXAIX vs FIFGX | |
| ProFunds UltraSector Oil & Gas Fund | -0.14 | 0.14 | 0.28 | 61 | Leveraged Equities | FXAIX vs ENPIX | |
| Tortoise MLP & Pipeline Fund | -0.12 | 0.24 | 0.40 | 68 | Energy Equities | FXAIX vs TORIX | |
| Vanguard Energy Index Fund Admiral Shares | -0.12 | 0.15 | 0.30 | 71 | Energy Equities | FXAIX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.10 | 0.18 | 0.32 | 88 | Energy Equities | FXAIX vs FSENX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FXAIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.04 | 0.11 | 64 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.05 | 0.21 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.22 | 0.06 | 0.23 | 68 | Energy | |
| Exxon Mobil Corporation | -0.21 | 0.02 | 0.19 | 85 | Energy | |
| The Coca-Cola Company | -0.20 | 0.02 | 0.22 | 86 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FXAIX
Add FXAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FXAIX