Looking to diversify beyond FFOLX? The mutual funds below have the lowest correlation with FFOLX — 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 FFOLX.
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 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 | 96 | Semiconductors, Technology Equities | FFOLX vs FSELX | |
| Fidelity Advisor Stock Selector Large Cap Value Fu... | 0.78 | 0.78 | 0.84 | 63 | Large Cap Value Equities | FFOLX vs FLUEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 77 | Target Retirement Date | FFOLX vs TDIFX | |
| Vanguard Information Technology Index Fund Admiral... | 0.82 | 0.83 | 0.86 | 65 | Technology Equities | FFOLX vs VITAX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.84 | 79 | Target Retirement Date | FFOLX vs PDAHX |
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