Looking to diversify beyond FFFYX? The mutual funds below have historically moved differently from FFFYX, 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 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 0.78, roughly unchanged from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.78 | 0.74 | 0.77 | 82 | Semiconductors, Technology Equities | FFFYX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.75 | 83 | Target Retirement Date | FFFYX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.81 | 0.83 | 85 | Target Retirement Date | FFFYX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.87 | 0.76 | 0.72 | 63 | Target Retirement Date | FFFYX vs FFGZX | |
| Fidelity Freedom Income Fund Class K | 0.88 | 0.77 | 0.74 | 61 | Target Retirement Date | FFFYX vs FNSHX |
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