Looking to diversify beyond PXWIX? The mutual funds below have the lowest correlation with PXWIX — 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 PXWIX.
Best Diversifiers for PXWIX
0 mutual funds have low correlation with PXWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity U.S. Sustainability Index Fund (FITLX) (Large Cap Blend Equities) with a 1Y correlation of 0.91, roughly unchanged from 0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity U.S. Sustainability Index Fund | 0.91 | 0.89 | 0.92 | 54 | Large Cap Blend Equities, ESG | PXWIX vs FITLX |
Diversification Analysis
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