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 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 | FDFVX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDFVX vs FSELX | |
| Prudential Day One Income Fund | 0.80 | 0.81 | 0.83 | 85 | Target Retirement Date | FDFVX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FDFVX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.74 | 0.71 | 77 | Target Retirement Date | FDFVX vs FIKFX |
See all 58 diversifiers for FDFVX
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