Looking to diversify beyond FDTKX? The mutual funds below have the lowest correlation with FDTKX — 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 FDTKX.
Best Diversifiers for FDTKX
0 mutual funds have low correlation with FDTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.70, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.68 | 0.72 | 94 | Semiconductors, Technology Equities | FDTKX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.77 | 0.81 | 54 | Large Cap Growth Equities | FDTKX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.88 | 0.85 | 64 | Target Retirement Date | FDTKX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.91 | 0.92 | 75 | Target Retirement Date | FDTKX vs IRSOX | |
| Voya Target In-Retirement Fund | 0.87 | 0.91 | 0.91 | 74 | Target Retirement Date | FDTKX vs ISOLX |
See all 71 diversifiers for FDTKX
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