Looking to diversify beyond FAFEX? The mutual funds below have historically moved differently from FAFEX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.73, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.69 | 0.73 | 80 | Semiconductors, Technology Equities | FAFEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.84 | 0.86 | 0.83 | 82 | Target Retirement Date | FAFEX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.86 | 0.83 | 0.77 | 54 | Target Retirement Date | FAFEX vs DRIQX | |
| MFS Lifetime Income Fund | 0.87 | 0.87 | 0.88 | 61 | Target Retirement Date | FAFEX vs MLLIX | |
| Prudential Day One Income Fund | 0.89 | 0.89 | 0.90 | 85 | Target Retirement Date | FAFEX vs PDAHX |
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