Looking to diversify beyond FFFTX? The mutual funds below have the lowest correlation with FFFTX — 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 FFFTX.
Best Diversifiers for FFFTX
0 mutual funds have low correlation with FFFTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FFFTX vs FSELX | |
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FFFTX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FFFTX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.74 | 0.71 | 78 | Target Retirement Date | FFFTX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 77 | Target Retirement Date | FFFTX vs FIKFX |
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