Looking to diversify beyond FAPDX? The mutual funds below have the lowest correlation with FAPDX — 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 FAPDX.
Best Diversifiers for FAPDX
20 mutual funds have low correlation with FAPDX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.03 | -0.08 | -0.02 | 97 | Semiconductors, Technology Equities | FAPDX vs FSELX | |
| DFA One Year Fixed Income Portfolio | 0.02 | 0.03 | 0.15 | 99 | Ultrashort Bond | FAPDX vs DFIHX | |
| CrossingBridge Ultra-Short Duration Fund | 0.03 | 0.09 | — | 99 | Ultrashort Bond | FAPDX vs CBUDX | |
| Fidelity Blue Chip Growth Fund | 0.04 | -0.04 | — | 75 | Large Cap Growth Equities | FAPDX vs FBGRX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.06 | 0.12 | — | 100 | Ultrashort Bond | FAPDX vs ENIAX |
See all 30 diversifiers for FAPDX
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