Looking to diversify beyond FFRGX? The mutual funds below have the lowest correlation with FFRGX — 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 FFRGX.
Best Diversifiers for FFRGX
0 mutual funds have low correlation with FFRGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.67, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.68 | 0.73 | 97 | Semiconductors, Technology Equities | FFRGX vs FSELX | |
| Prudential Day One Income Fund | 0.70 | 0.72 | 0.76 | 85 | Target Retirement Date | FFRGX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.71 | 0.65 | 0.63 | 78 | Target Retirement Date | FFRGX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.72 | 0.65 | 0.63 | 77 | Target Retirement Date | FFRGX vs FIKFX | |
| Dimensional Retirement Income Fund | 0.73 | 0.72 | 0.70 | 83 | Target Retirement Date | FFRGX vs TDIFX |
See all 52 diversifiers for FFRGX
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Diversification Analysis
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