Looking to diversify beyond FFEDX? The mutual funds below have the lowest correlation with FFEDX — 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 FFEDX.
Best Diversifiers for FFEDX
0 mutual funds have low correlation with FFEDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.66, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.66 | 0.67 | 0.71 | 96 | Semiconductors, Technology Equities | FFEDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.79 | 0.77 | 0.82 | 73 | Large Cap Growth Equities | FFEDX vs FBGRX | |
| Fidelity Blue Chip Growth Fund Class K | 0.79 | 0.77 | 0.82 | 74 | Large Cap Growth Equities | FFEDX vs FBGKX | |
| Fidelity NASDAQ Composite Index Fund | 0.83 | 0.80 | 0.84 | 56 | Large Cap Growth Equities | FFEDX vs FNCMX | |
| Dimensional Retirement Income Fund | 0.84 | 0.89 | 0.87 | 77 | Target Retirement Date | FFEDX vs TDIFX |
See all 70 diversifiers for FFEDX
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