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 0.70, 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 | 0.70 | 0.69 | 0.73 | 94 | Semiconductors, Technology Equities | FAFEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.79 | 0.82 | 54 | Large Cap Growth Equities | FAFEX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | 0.83 | 64 | Target Retirement Date | FAFEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.87 | 0.90 | 0.92 | 66 | Target Retirement Date | FAFEX vs LTTIX | |
| Prudential Day One Income Fund | 0.88 | 0.89 | 0.90 | 72 | Target Retirement Date | FAFEX vs PDAHX |
See all 52 diversifiers for FAFEX
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