Looking to diversify beyond FDFVX? The mutual funds below have the lowest correlation with FDFVX — 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 FDFVX.
Best Diversifiers for FDFVX
0 mutual funds have low correlation with FDFVX (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 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FDFVX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FDFVX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.77 | 0.77 | 84 | Target Retirement Date | FDFVX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.76 | 0.74 | 70 | Target Retirement Date | FDFVX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.77 | 0.77 | 83 | Target Retirement Date | FDFVX vs FRQKX |
See all 57 diversifiers for FDFVX
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