Looking to diversify beyond FFIKX? The mutual funds below have the lowest correlation with FFIKX — 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 FFIKX.
Best Diversifiers for FFIKX
0 mutual funds have low correlation with FFIKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.73, 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 | 0.73 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FFIKX vs FSELX | |
| Dimensional Retirement Income Fund | 0.75 | 0.79 | 0.76 | 85 | Target Retirement Date | FFIKX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.83 | 0.84 | 86 | Target Retirement Date | FFIKX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.76 | 0.73 | 76 | Target Retirement Date | FFIKX vs FFGZX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.83 | 0.77 | 0.75 | 72 | Target Retirement Date | FFIKX vs FRHMX |
See all 58 diversifiers for FFIKX
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