Looking to diversify beyond FXIRX? The mutual funds below have historically moved differently from FXIRX, 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 FXIRX
3 mutual funds have low correlation with FXIRX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.05, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.05 | 0.20 | 0.27 | 86 | Inflation-Protected Bonds | FXIRX vs SEIAX | |
| PIMCO Commodity Real Return Strategy Fund | -0.00 | 0.13 | 0.22 | 69 | Commodities | FXIRX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.23 | 0.23 | 0.16 | 86 | Small Cap Value Equities | FXIRX vs PMJIX | |
| Allspring Real Return Fund | 0.31 | 0.49 | 0.64 | 66 | Inflation-Protected Bonds | FXIRX vs IPBAX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.53 | 0.71 | 0.75 | 91 | Inflation-Protected Bonds | FXIRX vs VTAPX |
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