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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 81 | Target Retirement Date | FFFLX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FFFLX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 83 | Target Retirement Date | FFFLX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.82 | 0.83 | 0.82 | 82 | Target Retirement Date | FFFLX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 74 | Target Retirement Date | FFFLX vs FFGZX |
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