Looking to diversify beyond FFFLX? The mutual funds below have the lowest correlation with FFFLX — 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 FFFLX.
Best Diversifiers for FFFLX
0 mutual funds have low correlation with FFFLX (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 | 89 | Semiconductors, Technology Equities | FFFLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.75 | 81 | Target Retirement Date | FFFLX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.76 | 0.74 | 71 | Target Retirement Date | FFFLX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.77 | 71 | Target Retirement Date | FFFLX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 68 | Target Retirement Date | FFFLX vs FRQAX |
See all 58 diversifiers for FFFLX
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