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 0.71, 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 | 0.71 | 0.69 | 0.73 | 92 | Semiconductors, Technology Equities | FEFIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.79 | 0.83 | 61 | Large Cap Growth Equities | FEFIX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.86 | 0.83 | 84 | Target Retirement Date | FEFIX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.86 | 0.90 | 0.89 | 74 | Target Retirement Date | FEFIX vs ISOLX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.87 | 0.88 | 0.87 | 67 | Target Retirement Date | FEFIX vs FRQAX |
See all 46 diversifiers for FEFIX
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Diversification Analysis
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