Looking to diversify beyond FAZAX? The mutual funds below have the lowest correlation with FAZAX — 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 FAZAX.
Best Diversifiers for FAZAX
0 mutual funds have low correlation with FAZAX (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 | FAZAX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.76 | 83 | Target Retirement Date | FAZAX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund | 0.81 | 0.78 | 0.78 | 82 | Target Retirement Date | FAZAX vs FIRQX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 70 | Target Retirement Date | FAZAX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 67 | Target Retirement Date | FAZAX vs FRQAX |
See all 44 diversifiers for FAZAX
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