Looking to diversify beyond FFEDX? The mutual funds below have historically moved differently from FFEDX, 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 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 0.69, 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 | 0.69 | 0.67 | 0.71 | 80 | Semiconductors, Technology Equities | FFEDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.87 | 0.89 | 0.87 | 81 | Target Retirement Date | FFEDX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.88 | 0.91 | 0.93 | 75 | Target Retirement Date | FFEDX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.89 | 0.89 | 0.91 | 77 | Target Retirement Date | FFEDX vs DRILX | |
| MFS Lifetime Income Fund | 0.89 | 0.89 | 0.91 | 66 | Target Retirement Date | FFEDX vs MLLIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFEDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cullen/Frost Bankers, Inc. (CFR) (Financial Services) with a 1Y correlation of 0.20, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cullen/Frost Bankers, Inc. | 0.20 | 0.36 | 0.43 | 86 | Financial Services |
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