Looking to diversify beyond FDFQX? The mutual funds below have the lowest correlation with FDFQX — 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 FDFQX.
Best Diversifiers for FDFQX
0 mutual funds have low correlation with FDFQX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, 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 | 0.75 | 0.75 | 0.77 | 92 | Semiconductors, Technology Equities | FDFQX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 83 | Target Retirement Date | FDFQX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund | 0.81 | 0.78 | 0.78 | 82 | Target Retirement Date | FDFQX vs FIRQX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 70 | Target Retirement Date | FDFQX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.78 | 0.78 | 84 | Target Retirement Date | FDFQX vs FRQHX |
See all 51 diversifiers for FDFQX
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Diversification Analysis
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