Looking to diversify beyond FDAFX? The mutual funds below have the lowest correlation with FDAFX — 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 FDAFX.
Best Diversifiers for FDAFX
0 mutual funds have low correlation with FDAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.65, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.65 | 0.64 | 0.68 | 96 | Semiconductors, Technology Equities | FDAFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.77 | 0.73 | 0.77 | 73 | Large Cap Growth Equities | FDAFX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.84 | 0.89 | 0.87 | 77 | Target Retirement Date | FDAFX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.86 | 0.88 | 81 | Target Retirement Date | FDAFX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.85 | 0.85 | 0.88 | 81 | Target Retirement Date | FDAFX vs DTDRX |
See all 62 diversifiers for FDAFX
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Diversification Analysis
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