Looking to diversify beyond FFFAX? The mutual funds below have historically moved differently from FFFAX, 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 FFFAX
0 mutual funds have low correlation with FFFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Technology Portfolio (FSPTX) (Technology Equities) with a 1Y correlation of 0.60, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Technology Portfolio | 0.60 | 0.51 | 0.55 | 72 | Technology Equities | FFFAX vs FSPTX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.50 | 0.51 | 80 | Semiconductors, Technology Equities | FFFAX vs FSELX | |
| Fidelity Capital & Income Fund | 0.72 | 0.68 | 0.69 | 74 | High Yield Bonds | FFFAX vs FAGIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.76 | 0.64 | 0.62 | 56 | Large Cap Blend Equities | FFFAX vs PRCOX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.76 | 0.68 | 0.60 | 72 | Target Retirement Date | FFFAX vs MURNX |
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