Looking to diversify beyond FEFIX? The mutual funds below have the lowest correlation with FEFIX — 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 FEFIX.
Best Diversifiers for FEFIX
0 mutual funds have low correlation with FEFIX (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 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.69 | 0.73 | 97 | Semiconductors, Technology Equities | FEFIX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.83 | 83 | Target Retirement Date | FEFIX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.78 | 0.82 | 75 | Large Cap Growth Equities | FEFIX vs FBGRX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.90 | 0.92 | 83 | Target Retirement Date | FEFIX vs DTDRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.91 | 0.93 | 83 | Target Retirement Date | FEFIX vs DRILX |
See all 44 diversifiers for FEFIX
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Diversification Analysis
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