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 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 | FDFSX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDFSX vs FSELX | |
| Prudential Day One Income Fund | 0.80 | 0.81 | 0.83 | 85 | Target Retirement Date | FDFSX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.81 | 0.74 | 0.71 | 78 | Target Retirement Date | FDFSX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.81 | 0.74 | 0.71 | 77 | Target Retirement Date | FDFSX vs FIKFX |
See all 40 diversifiers for FDFSX
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