Looking to diversify beyond FFSFX? The mutual funds below have the lowest correlation with FFSFX — 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 FFSFX.
Best Diversifiers for FFSFX
0 mutual funds have low correlation with FFSFX (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 | 92 | Semiconductors, Technology Equities | FFSFX vs FSELX | |
| Mutual of America Retirement Income Fund | 0.78 | 0.76 | 0.70 | 66 | Target Retirement Date | FFSFX vs MARMX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 83 | Target Retirement Date | FFSFX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.73 | 0.67 | 57 | Target Retirement Date | FFSFX vs DRIQX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.77 | 0.77 | 84 | Target Retirement Date | FFSFX vs FRQHX |
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