Looking to diversify beyond FAXDX? The mutual funds below have the lowest correlation with FAXDX — 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 FAXDX.
Best Diversifiers for FAXDX
0 mutual funds have low correlation with FAXDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FAXDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FAXDX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FAXDX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FAXDX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 78 | Target Retirement Date | FAXDX vs ISOLX |
See all 46 diversifiers for FAXDX
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