Looking to diversify beyond FDEWX? The mutual funds below have the lowest correlation with FDEWX — 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 FDEWX.
Best Diversifiers for FDEWX
0 mutual funds have low correlation with FDEWX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.78 | 92 | Semiconductors, Technology Equities | FDEWX vs FSELX | |
| Fidelity Stock Selector Small Cap Fund | 0.79 | 0.82 | 0.86 | 78 | Small Cap Blend Equities | FDEWX vs FDSCX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 83 | Target Retirement Date | FDEWX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.78 | 0.78 | 84 | Target Retirement Date | FDEWX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FDEWX vs FRQAX |
See all 71 diversifiers for FDEWX
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