Looking to diversify beyond FDVKX? The mutual funds below have historically moved differently from FDVKX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FDVKX
0 mutual funds have low correlation with FDVKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.31, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.31 | 0.30 | 0.43 | 80 | Semiconductors, Technology Equities | FDVKX vs FSELX | |
| Voya Corporate Leaders Trust Fund | 0.35 | 0.62 | 0.71 | 93 | Large Cap Value Equities | FDVKX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.39 | 0.61 | 0.73 | 89 | Large Cap Value Equities | FDVKX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.51 | 0.64 | 0.75 | 94 | Large Cap Value Equities | FDVKX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.56 | 0.72 | 0.81 | 87 | Large Cap Value Equities | FDVKX vs BUFBX |
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