Looking to diversify beyond FZITX? The mutual funds below have historically moved differently from FZITX, 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 FZITX
15 mutual funds have low correlation with FZITX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.19 | 0.23 | 91 | Municipal Bonds | FZITX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FZITX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.23 | 0.25 | 94 | Municipal Bonds | FZITX vs DMREX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.15 | 0.12 | 59 | Large Cap Blend Equities | FZITX vs FNILX | |
| Fidelity 500 Index Fund | 0.20 | 0.14 | 0.12 | 64 | S&P 500 | FZITX vs FXAIX |
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