Looking to diversify beyond FXAIX? The mutual funds below have the lowest correlation with FXAIX — 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 FXAIX.
Best Diversifiers for FXAIX
103 mutual funds have low correlation with FXAIX (below 0.3), 6 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.12, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.12 | -0.12 | -0.19 | 52 | Multistrategy | FXAIX vs QSPIX | |
| T. Rowe Price Dynamic Credit Fund | -0.10 | 0.07 | 0.00 | 78 | Nontraditional Bonds | FXAIX vs RPIDX | |
| DFA California Municipal Real Return Portfolio | -0.09 | 0.01 | 0.12 | 94 | Municipal Bonds | FXAIX vs DCARX | |
| Fidelity Select Energy Portfolio | -0.05 | 0.21 | 0.34 | 51 | Energy Equities | FXAIX vs FSENX | |
| Tortoise MLP & Pipeline Fund | -0.05 | 0.27 | 0.42 | 50 | Energy Equities | FXAIX vs TORIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXAIX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.01 | 0.12 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.04 | 0.21 | 74 | Energy | |
| The Coca-Cola Company | -0.15 | 0.05 | 0.22 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.07 | 0.21 | 70 | Energy | |
| Duke Energy Corporation | -0.13 | -0.00 | 0.11 | 64 | Utilities |
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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