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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, 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 | 0.76 | 0.74 | 0.77 | 89 | Semiconductors, Technology Equities | FDKPX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.75 | 85 | Target Retirement Date | FDKPX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.77 | 68 | Target Retirement Date | FDKPX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.76 | 0.74 | 69 | Target Retirement Date | FDKPX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.77 | 63 | Target Retirement Date | FDKPX vs FRQAX |
See all 52 diversifiers for FDKPX
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