Looking to diversify beyond FFRGX? The mutual funds below have historically moved differently from FFRGX, 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 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 0.72, roughly unchanged from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.68 | 0.74 | 80 | Semiconductors, Technology Equities | FFRGX vs FSELX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.72 | 0.64 | 0.61 | 54 | Target Retirement Date | FFRGX vs DRIQX | |
| Prudential Day One Income Fund | 0.73 | 0.72 | 0.76 | 85 | Target Retirement Date | FFRGX vs PDAHX | |
| MFS Lifetime Income Fund | 0.73 | 0.70 | 0.75 | 61 | Target Retirement Date | FFRGX vs MLLIX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.76 | 0.67 | 0.65 | 65 | Target Retirement Date | FFRGX vs FFGZX |
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