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 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.77 | 96 | Semiconductors, Technology Equities | FAXGX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FAXGX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FAXGX vs LTTIX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 78 | Target Retirement Date | FAXGX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 78 | Target Retirement Date | FAXGX vs ISOLX |
See all 60 diversifiers for FAXGX
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