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 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 | FDKTX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FDKTX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FDKTX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FDKTX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 77 | Target Retirement Date | FDKTX vs FIKFX |
See all 53 diversifiers for FDKTX
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