Looking to diversify beyond FDMMX? The mutual funds below have the lowest correlation with FDMMX — 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 FDMMX.
Best Diversifiers for FDMMX
16 mutual funds have low correlation with FDMMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.22 | 0.23 | 95 | Municipal Bonds | FDMMX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.07 | 97 | Semiconductors, Technology Equities | FDMMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.13 | 0.10 | 0.10 | 75 | Large Cap Growth Equities | FDMMX vs FBGRX | |
| Fidelity ZERO Total Market Index Fund | 0.14 | 0.16 | 0.13 | 72 | Large Cap Blend Equities | FDMMX vs FZROX | |
| Fidelity 500 Index Fund | 0.15 | 0.15 | 0.12 | 73 | S&P 500 | FDMMX vs FXAIX |
See all 31 diversifiers for FDMMX
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