Looking to diversify beyond FFLDX? The mutual funds below have historically moved differently from FFLDX, 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 FFLDX
0 mutual funds have low correlation with FFLDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, roughly unchanged from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 80 | Semiconductors, Technology Equities | FFLDX vs FSELX | |
| Fidelity Mid Cap Index Fund | 0.80 | 0.85 | 0.90 | 61 | Mid Cap Blend Equities | FFLDX vs FSMDX | |
| Dimensional Retirement Income Fund | 0.81 | 0.80 | 0.77 | 81 | Target Retirement Date | FFLDX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.82 | 0.75 | 0.69 | 53 | Target Retirement Date | FFLDX vs DRIQX | |
| Fidelity Small Cap Index Fund | 0.83 | 0.83 | 0.86 | 79 | Small Cap Blend Equities | FFLDX vs FSSNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFLDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Synchrony Financial (SYF) (Financial Services) with a 1Y correlation of 0.50, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Synchrony Financial | 0.50 | 0.53 | 0.59 | 54 | Financial Services |
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