Looking to diversify beyond FXIFX? The mutual funds below have the lowest correlation with FXIFX — 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 FXIFX.
Best Diversifiers for FXIFX
1 mutual funds have low correlation with FXIFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) (Ultrashort Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | 0.20 | 0.12 | 0.13 | 99 | Ultrashort Bond | FXIFX vs TRBUX | |
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.69 | 0.73 | 96 | Semiconductors, Technology Equities | FXIFX vs FSELX | |
| Vanguard Global Capital Cycles Fund | 0.76 | 0.75 | 0.76 | 90 | Global Equities | FXIFX vs VGPMX | |
| Fidelity Stock Selector Large Cap Value Fund | 0.77 | 0.75 | 0.80 | 70 | Large Cap Value Equities | FXIFX vs FSLVX | |
| Fidelity Growth Company K | 0.81 | 0.79 | 0.84 | 72 | Large Cap Growth Equities | FXIFX vs FGCKX |
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