Looking to diversify beyond FFSDX? The mutual funds below have historically moved differently from FFSDX, 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 FFSDX
0 mutual funds have low correlation with FFSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Low-Priced Stock Fund Class K (FLPKX) (Mid Cap Value Equities) with a 1Y correlation of 0.76, down from 0.86 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Low-Priced Stock Fund Class K | 0.76 | 0.82 | 0.86 | 75 | Mid Cap Value Equities | FFSDX vs FLPKX | |
| Mutual of America Retirement Income Fund | 0.79 | 0.76 | 0.70 | 64 | Target Retirement Date | FFSDX vs MARMX | |
| Fidelity Select Semiconductors Portfolio | 0.79 | 0.76 | 0.78 | 80 | Semiconductors, Technology Equities | FFSDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.75 | 82 | Target Retirement Date | FFSDX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.73 | 0.67 | 54 | Target Retirement Date | FFSDX vs DRIQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFSDX, 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 Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 0.48, roughly unchanged from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.48 | 0.47 | 0.54 | 97 | Industrials | |
| Intel Corporation | 0.49 | 0.49 | 0.55 | 98 | Technology |
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