Looking to diversify beyond FDEKX? The mutual funds below have the lowest correlation with FDEKX — 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 FDEKX.
Best Diversifiers for FDEKX
0 mutual funds have low correlation with FDEKX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis New York Venture Fund Class Y (DNVYX) (Large Cap Growth Equities) with a 1Y correlation of 0.68, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis New York Venture Fund Class Y | 0.68 | 0.73 | 0.78 | 80 | Large Cap Growth Equities | FDEKX vs DNVYX | |
| ICON Equity Fund | 0.71 | 0.66 | 0.75 | 85 | Large Cap Growth Equities | FDEKX vs IOLZX | |
| Fidelity Total International Index Fund | 0.77 | 0.68 | 0.72 | 66 | Foreign Large Cap Equities | FDEKX vs FTIHX | |
| Fidelity ZERO International Index Fund | 0.78 | 0.68 | 0.72 | 70 | Foreign Large Cap Equities | FDEKX vs FZILX | |
| Fidelity Select Semiconductors Portfolio | 0.81 | 0.82 | 0.83 | 96 | Semiconductors, Technology Equities | FDEKX vs FSELX |
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