Looking to diversify beyond FZROX? The mutual funds below have the lowest correlation with FZROX — 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 FZROX.
Best Diversifiers for FZROX
87 mutual funds have low correlation with FZROX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.03 | 0.15 | 54 | Commodities | FZROX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.05 | 0.23 | 0.35 | 63 | Energy Equities | FZROX vs FSENX | |
| Vanguard Market Neutral Fund Investor Shares | -0.01 | -0.02 | -0.03 | 95 | Long-Short | FZROX vs VMNFX | |
| Fidelity Series Treasury Bill Index Fund | 0.01 | 0.03 | 0.03 | 100 | Ultrashort Bond | FZROX vs FHQFX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.04 | 0.12 | — | 89 | Inflation-Protected Bonds | FZROX vs FSTZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FZROX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FZROX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.01 | 0.13 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.19 | 0.09 | 0.26 | 51 | Industrials | |
| The Coca-Cola Company | -0.19 | 0.04 | 0.22 | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.06 | 0.22 | 71 | Energy | |
| Chevron Corporation | -0.17 | 0.08 | 0.24 | 67 | Energy |
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Build a portfolio that complements FZROX
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