Looking to diversify beyond FDFZX? The mutual funds below have the lowest correlation with FDFZX — 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 FDFZX.
Best Diversifiers for FDFZX
0 mutual funds have low correlation with FDFZX (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 | FDFZX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDFZX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FDFZX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FDFZX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.75 | 0.71 | 77 | Target Retirement Date | FDFZX vs FIKFX |
See all 60 diversifiers for FDFZX
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Diversification Analysis
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