Looking to diversify beyond FDFSX? The mutual funds below have the lowest correlation with FDFSX — 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 FDFSX.
Best Diversifiers for FDFSX
0 mutual funds have low correlation with FDFSX (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 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FDFSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FDFSX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FDFSX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.81 | 0.83 | 78 | Target Retirement Date | FDFSX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.78 | 0.78 | 70 | Target Retirement Date | FDFSX vs FRQHX |
See all 44 diversifiers for FDFSX
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