Looking to diversify beyond FEDTX? The mutual funds below have the lowest correlation with FEDTX — 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 FEDTX.
Best Diversifiers for FEDTX
0 mutual funds have low correlation with FEDTX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.53, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.53 | 0.66 | 0.68 | 55 | Emerging Markets Equities | FEDTX vs PZIEX | |
| Fidelity Blue Chip Growth Fund | 0.58 | 0.54 | 0.55 | 73 | Large Cap Growth Equities | FEDTX vs FBGRX | |
| Nomura Emerging Markets Fund Class C | 0.60 | 0.69 | 0.75 | 98 | Emerging Markets Equities | FEDTX vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.61 | 0.70 | 0.75 | 98 | Emerging Markets Equities | FEDTX vs DEMAX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.56 | 0.57 | 96 | Semiconductors, Technology Equities | FEDTX vs FSELX |
See all 42 diversifiers for FEDTX
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