Looking to diversify beyond FDKTX? The mutual funds below have the lowest correlation with FDKTX — 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 FDKTX.
Best Diversifiers for FDKTX
0 mutual funds have low correlation with FDKTX (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 | 94 | Semiconductors, Technology Equities | FDKTX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 64 | Target Retirement Date | FDKTX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.78 | 0.80 | 54 | Large Cap Growth Equities | FDKTX vs FBGRX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 72 | Target Retirement Date | FDKTX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.78 | 0.78 | 66 | Target Retirement Date | FDKTX vs FRQIX |
See all 48 diversifiers for FDKTX
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