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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.75, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FAXDX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.77 | 97 | Semiconductors, Technology Equities | FAXDX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FAXDX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.75 | 0.71 | 78 | Target Retirement Date | FAXDX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.75 | 0.71 | 77 | Target Retirement Date | FAXDX vs FIKFX |
See all 42 diversifiers for FAXDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FAXDX
Add FAXDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAXDX