Looking to diversify beyond FDFYX? The mutual funds below have the lowest correlation with FDFYX — 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 FDFYX.
Best Diversifiers for FDFYX
0 mutual funds have low correlation with FDFYX (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 | FDFYX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FDFYX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.77 | 0.77 | 70 | Target Retirement Date | FDFYX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund | 0.81 | 0.77 | 0.77 | 82 | Target Retirement Date | FDFYX vs FIRQX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.77 | 0.77 | 84 | Target Retirement Date | FDFYX vs FRQHX |
See all 44 diversifiers for FDFYX
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Diversification Analysis
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