Looking to diversify beyond FDFPX? The mutual funds below have the lowest correlation with FDFPX — 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 FDFPX.
Best Diversifiers for FDFPX
0 mutual funds have low correlation with FDFPX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FDFPX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDFPX vs FSELX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.76 | 0.73 | 0.67 | 62 | Target Retirement Date | FDFPX vs DRIQX | |
| Voya Solution Income Portfolio | 0.81 | 0.81 | 0.82 | 78 | Target Retirement Date | FDFPX vs ISWIX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 85 | Target Retirement Date | FDFPX vs PDAHX |
See all 307 diversifiers for FDFPX
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