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 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.68 | 0.74 | 96 | Semiconductors, Technology Equities | FFRGX vs FSELX | |
| Prudential Day One Income Fund | 0.71 | 0.72 | 0.76 | 78 | Target Retirement Date | FFRGX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.71 | 0.73 | 0.81 | 61 | Target Retirement Date | FFRGX vs LTTIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.74 | 0.69 | 0.71 | 65 | Target Retirement Date | FFRGX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.74 | 0.68 | 0.67 | 65 | Target Retirement Date | FFRGX vs FRIMX |
See all 55 diversifiers for FFRGX
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Diversification Analysis
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