Looking to diversify beyond FELSX? The mutual funds below have historically moved differently from FELSX, 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 FELSX
0 mutual funds have low correlation with FELSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.73, roughly unchanged from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.67 | 0.71 | 80 | Semiconductors, Technology Equities | FELSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.86 | 0.88 | 0.86 | 81 | Target Retirement Date | FELSX vs TDIFX | |
| MFS Lifetime Income Fund | 0.88 | 0.88 | 0.90 | 66 | Target Retirement Date | FELSX vs MLLIX | |
| Voya Target Retirement 2040 Fund | 0.88 | 0.90 | 0.92 | 75 | Target Retirement Date | FELSX vs IRSOX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.88 | 0.86 | 0.80 | 53 | Target Retirement Date | FELSX vs DRIQX |
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