Looking to diversify beyond FDKPX? The mutual funds below have the lowest correlation with FDKPX — 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 FDKPX.
Best Diversifiers for FDKPX
0 mutual funds have low correlation with FDKPX (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 | FDKPX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDKPX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FDKPX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.82 | 0.83 | 0.82 | 82 | Target Retirement Date | FDKPX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.75 | 0.71 | 78 | Target Retirement Date | FDKPX vs FFGZX |
See all 62 diversifiers for FDKPX
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