Looking to diversify beyond FFSDX? The mutual funds below have the lowest correlation with FFSDX — 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 FFSDX.
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 Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FFSDX vs FSELX | |
| Dimensional 2020 Target Date Retirement Income Fun... | 0.75 | 0.68 | 0.61 | 53 | Target Retirement Date | FFSDX vs DRIRX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 77 | Target Retirement Date | FFSDX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.73 | 0.67 | 52 | Target Retirement Date | FFSDX vs DRIQX | |
| Mutual of America Retirement Income Fund | 0.81 | 0.77 | 0.70 | 74 | Target Retirement Date | FFSDX vs MARMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFSDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFSDX and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 0.43, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.43 | 0.46 | 0.53 | 99 | Industrials | |
| Intel Corporation | 0.43 | 0.48 | 0.55 | 99 | Technology |
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