Looking to diversify beyond FAXGX? The mutual funds below have the lowest correlation with FAXGX — 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 FAXGX.
Best Diversifiers for FAXGX
0 mutual funds have low correlation with FAXGX (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 | FAXGX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.77 | 97 | Semiconductors, Technology Equities | FAXGX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FAXGX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.75 | 0.73 | 75 | Target Retirement Date | FAXGX vs FNSHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FAXGX vs FFGZX |
See all 61 diversifiers for FAXGX
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