Looking to diversify beyond FAXEX? The mutual funds below have the lowest correlation with FAXEX — 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 FAXEX.
Best Diversifiers for FAXEX
0 mutual funds have low correlation with FAXEX (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 | 94 | Semiconductors, Technology Equities | FAXEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 64 | Target Retirement Date | FAXEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 66 | Target Retirement Date | FAXEX vs LTTIX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 72 | Target Retirement Date | FAXEX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.78 | 0.75 | 64 | Target Retirement Date | FAXEX vs FRIMX |
See all 63 diversifiers for FAXEX
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