Looking to diversify beyond FAFFX? The mutual funds below have the lowest correlation with FAFFX — 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 FAFFX.
Best Diversifiers for FAFFX
0 mutual funds have low correlation with FAFFX (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 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.74 | 0.76 | 96 | Semiconductors, Technology Equities | FAFFX vs FSELX | |
| Fidelity Advisor Semiconductors Fund Class I | 0.73 | 0.74 | 0.77 | 96 | Technology Equities | FAFFX vs FELIX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 70 | Target Retirement Date | FAFFX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.83 | 0.84 | 0.88 | 61 | Target Retirement Date | FAFFX vs LTTIX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 78 | Target Retirement Date | FAFFX vs PDAHX |
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