Looking to diversify beyond FDCFX? The mutual funds below have the lowest correlation with FDCFX — 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 FDCFX.
Best Diversifiers for FDCFX
0 mutual funds have low correlation with FDCFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.66, 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 | 0.66 | 0.64 | 0.68 | 97 | Semiconductors, Technology Equities | FDCFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.75 | 0.73 | 0.77 | 75 | Large Cap Growth Equities | FDCFX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.80 | 0.89 | 0.87 | 83 | Target Retirement Date | FDCFX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.83 | 0.86 | 0.88 | 83 | Target Retirement Date | FDCFX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.83 | 0.85 | 0.88 | 83 | Target Retirement Date | FDCFX vs DTDRX |
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