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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.75, 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 | 0.75 | 0.79 | 0.75 | 77 | Target Retirement Date | FAZAX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FAZAX vs FSELX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 79 | Target Retirement Date | FAZAX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FAZAX vs ISOLX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.79 | 0.78 | 65 | Target Retirement Date | FAZAX vs FRQIX |
See all 46 diversifiers for FAZAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FAZAX
Add FAZAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAZAX