Looking to diversify beyond FFNYX? The mutual funds below have the lowest correlation with FFNYX — 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 FFNYX.
Best Diversifiers for FFNYX
1 mutual funds have low correlation with FFNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.17 | 0.17 | 92 | Semiconductors, Technology Equities | FFNYX vs FSELX |
Diversification Analysis
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