Looking to diversify beyond FFFYX? The mutual funds below have the lowest correlation with FFFYX — 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 FFFYX.
Best Diversifiers for FFFYX
0 mutual funds have low correlation with FFFYX (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 | 94 | Semiconductors, Technology Equities | FFFYX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 64 | Target Retirement Date | FFFYX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.81 | 0.82 | 0.86 | 66 | Target Retirement Date | FFFYX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 72 | Target Retirement Date | FFFYX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.78 | 0.78 | 72 | Target Retirement Date | FFFYX vs FRQHX |
See all 67 diversifiers for FFFYX
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Diversification Analysis
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