Looking to diversify beyond FAFEX? The mutual funds below have the lowest correlation with FAFEX — 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 FAFEX.
Best Diversifiers for FAFEX
0 mutual funds have low correlation with FAFEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.69 | 0.73 | 89 | Semiconductors, Technology Equities | FAFEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.79 | 0.82 | 52 | Large Cap Growth Equities | FAFEX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.86 | 0.83 | 81 | Target Retirement Date | FAFEX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.87 | 0.87 | 0.85 | 71 | Target Retirement Date | FAFEX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.87 | 0.88 | 0.87 | 71 | Target Retirement Date | FAFEX vs FRQIX |
See all 47 diversifiers for FAFEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FAFEX
Add FAFEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAFEX