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 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.75 | 0.77 | 96 | Semiconductors, Technology Equities | FDEWX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.76 | 77 | Target Retirement Date | FDEWX vs TDIFX | |
| Fidelity Stock Selector Small Cap Fund | 0.80 | 0.83 | 0.86 | 77 | Small Cap Blend Equities | FDEWX vs FDSCX | |
| MFS Lifetime 2025 Fund | 0.83 | 0.83 | 0.88 | 61 | Target Retirement Date | FDEWX vs LTTIX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 79 | Target Retirement Date | FDEWX vs PDAHX |
See all 73 diversifiers for FDEWX
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