Looking to diversify beyond FFBQX? The mutual funds below have the lowest correlation with FFBQX — 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 FFBQX.
Best Diversifiers for FFBQX
0 mutual funds have low correlation with FFBQX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FFBQX vs FSELX | |
| Dimensional 2020 Target Date Retirement Income Fun... | 0.76 | 0.68 | 0.61 | 53 | Target Retirement Date | FFBQX vs DRIRX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 77 | Target Retirement Date | FFBQX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.73 | 0.67 | 52 | Target Retirement Date | FFBQX vs DRIQX | |
| Mutual of America Retirement Income Fund | 0.81 | 0.77 | 0.70 | 74 | Target Retirement Date | FFBQX vs MARMX |
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