Looking to diversify beyond FZOLX? The mutual funds below have the lowest correlation with FZOLX — 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 FZOLX.
Best Diversifiers for FZOLX
22 mutual funds have low correlation with FZOLX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.04 | -0.06 | -0.04 | 96 | Semiconductors, Technology Equities | FZOLX vs FSELX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.35 | 0.39 | 99 | Ultrashort Bond | FZOLX vs TRSTX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | 0.09 | 0.07 | 98 | Ultrashort Bond | FZOLX vs TSDUX | |
| Tactical Multi-Purpose Fund | 0.02 | -0.02 | -0.00 | 100 | Ultrashort Bond | FZOLX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.02 | 0.13 | 0.15 | 99 | Ultrashort Bond | FZOLX vs ENIAX |
See all 34 diversifiers for FZOLX
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Diversification Analysis
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