Looking to diversify beyond FDKVX? The mutual funds below have the lowest correlation with FDKVX — 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 FDKVX.
Best Diversifiers for FDKVX
0 mutual funds have low correlation with FDKVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FDKVX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 77 | Target Retirement Date | FDKVX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.82 | 0.86 | 61 | Target Retirement Date | FDKVX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.81 | 0.83 | 79 | Target Retirement Date | FDKVX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.78 | 0.78 | 70 | Target Retirement Date | FDKVX vs FRQHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDKVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDKVX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.08 | 0.06 | 0.22 | 74 | Consumer Defensive | |
| TKO Group Holdings Inc. | 0.30 | 0.33 | 0.33 | 56 | Communication Services | |
| Apple Inc | 0.42 | 0.46 | 0.58 | 88 | Technology | |
| Bank of America Corporation | 0.42 | 0.49 | 0.58 | 75 | Financial Services | |
| Glencore PLC ADR | 0.47 | 0.50 | 0.51 | 94 | Basic Materials |
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