Looking to diversify beyond FFFZX? The mutual funds below have the lowest correlation with FFFZX — 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 FFFZX.
Best Diversifiers for FFFZX
0 mutual funds have low correlation with FFFZX (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 | 96 | Semiconductors, Technology Equities | FFFZX vs FSELX | |
| Dimensional Retirement Income Fund | 0.76 | 0.79 | 0.75 | 70 | Target Retirement Date | FFFZX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FFFZX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.83 | 0.83 | 0.87 | 61 | Target Retirement Date | FFFZX vs LTTIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.79 | 0.78 | 65 | Target Retirement Date | FFFZX vs FRQIX |
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