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
120 mutual funds have low correlation with FXAIX (below 0.3), 12 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.22 | 0.03 | 0.15 | 76 | Commodities | FXAIX vs FIFGX | |
| ProFunds UltraSector Oil & Gas Fund | -0.07 | 0.18 | 0.31 | 51 | Leveraged Equities | FXAIX vs ENPIX | |
| DFA Commodity Strategy Portfolio | -0.07 | 0.08 | 0.16 | 81 | Commodities | FXAIX vs DCMSX | |
| DFA California Municipal Real Return Portfolio | -0.06 | 0.01 | 0.12 | 96 | Municipal Bonds | FXAIX vs DCARX | |
| T. Rowe Price Dynamic Credit Fund | -0.06 | 0.09 | 0.02 | 76 | Nontraditional Bonds | FXAIX vs RPIDX |
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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 -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.01 | 0.13 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.05 | 0.22 | 85 | Energy | |
| Chevron Corporation | -0.13 | 0.09 | 0.25 | 83 | Energy | |
| Duke Energy Corporation | -0.12 | -0.00 | 0.12 | 53 | Utilities | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.21 | 76 | Energy |
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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