Looking to diversify beyond FAXFX? The mutual funds below have the lowest correlation with FAXFX — 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 FAXFX.
Best Diversifiers for FAXFX
0 mutual funds have low correlation with FAXFX (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 0.74, 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 | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FAXFX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.78 | 97 | Semiconductors, Technology Equities | FAXFX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FAXFX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.76 | 0.73 | 75 | Target Retirement Date | FAXFX vs FNSHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FAXFX vs FFGZX |
See all 60 diversifiers for FAXFX
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