Looking to diversify beyond FFBSX? The mutual funds below have the lowest correlation with FFBSX — 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 FFBSX.
Best Diversifiers for FFBSX
0 mutual funds have low correlation with FFBSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.75 | 0.78 | 92 | Semiconductors, Technology Equities | FFBSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 83 | Target Retirement Date | FFBSX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.77 | 0.74 | 70 | Target Retirement Date | FFBSX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FFBSX vs FRQAX | |
| Fidelity Managed Retirement 2010 Fund | 0.81 | 0.78 | 0.78 | 82 | Target Retirement Date | FFBSX vs FIRQX |
See all 78 diversifiers for FFBSX
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Diversification Analysis
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