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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, 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 | 0.76 | 0.75 | 0.78 | 92 | Semiconductors, Technology Equities | FAXGX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.75 | 84 | Target Retirement Date | FAXGX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.77 | 0.78 | 84 | Target Retirement Date | FAXGX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.77 | 0.74 | 70 | Target Retirement Date | FAXGX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.77 | 0.77 | 83 | Target Retirement Date | FAXGX vs FRQKX |
See all 59 diversifiers for FAXGX
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