Looking to diversify beyond FFOLX? The mutual funds below have historically moved differently from FFOLX, 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 FFOLX
0 mutual funds have low correlation with FFOLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Stock Selector Large Cap Value Fund Class C (FLUEX) (Large Cap Value Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.83 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Stock Selector Large Cap Value Fu... | 0.73 | 0.77 | 0.83 | 85 | Large Cap Value Equities | FFOLX vs FLUEX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.78 | 80 | Semiconductors, Technology Equities | FFOLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.81 | 0.80 | 0.77 | 81 | Target Retirement Date | FFOLX vs TDIFX | |
| Fidelity Mid Cap Index Fund | 0.81 | 0.85 | 0.90 | 61 | Mid Cap Blend Equities | FFOLX vs FSMDX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 85 | Target Retirement Date | FFOLX vs PDAHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFOLX, 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 Teradyne, Inc. (TER) (Technology) with a 1Y correlation of 0.63, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | 0.63 | 0.66 | 0.70 | 96 | Technology |
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