Looking to diversify beyond FADTX? The mutual funds below have the lowest correlation with FADTX — 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 FADTX.
Best Diversifiers for FADTX
4 mutual funds have low correlation with FADTX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.27, down from 0.51 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.27 | 0.51 | — | 98 | Technology Equities | FADTX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.28 | 0.47 | 0.62 | 82 | Technology Equities | FADTX vs GTTIX | |
| Fidelity High Income Fund | 0.29 | 0.37 | 0.43 | 95 | High Yield Bonds | FADTX vs SPHIX | |
| Fidelity Advisor Stock Selector Small Cap Fund Cla... | 0.30 | 0.52 | 0.65 | 68 | Small Cap Blend Equities | FADTX vs FCDAX | |
| Fidelity Total International Index Fund | 0.34 | 0.51 | 0.61 | 58 | Foreign Large Cap Equities | FADTX vs FTIHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FADTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FADTX and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.05 | -0.03 | 0.12 | 61 | Healthcare |
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