Looking to diversify beyond FAFAX? The mutual funds below have the lowest correlation with FAFAX — 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 FAFAX.
Best Diversifiers for FAFAX
1 mutual funds have low correlation with FAFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.13, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.13 | 0.12 | 0.34 | 79 | Short-Term Bond | FAFAX vs LCCMX | |
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.48 | 0.50 | 96 | Semiconductors, Technology Equities | FAFAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.65 | 0.55 | 0.57 | 73 | Large Cap Growth Equities | FAFAX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.74 | 0.64 | 0.62 | 63 | Large Cap Blend Equities | FAFAX vs FNILX | |
| Fidelity 500 Index Fund | 0.75 | 0.64 | 0.62 | 66 | S&P 500 | FAFAX vs FXAIX |
See all 69 diversifiers for FAFAX
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