Looking to diversify beyond FDKSX? The mutual funds below have the lowest correlation with FDKSX — 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 FDKSX.
Best Diversifiers for FDKSX
0 mutual funds have low correlation with FDKSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FDKSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | FDKSX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 79 | Target Retirement Date | FDKSX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FDKSX vs ISOLX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.78 | 0.78 | 65 | Target Retirement Date | FDKSX vs FRQIX |
See all 59 diversifiers for FDKSX
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