Looking to diversify beyond FFSZX? The mutual funds below have the lowest correlation with FFSZX — 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 FFSZX.
Best Diversifiers for FFSZX
0 mutual funds have low correlation with FFSZX (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 | FFSZX vs FSELX | |
| Dimensional Retirement Income Fund | 0.77 | 0.78 | 0.75 | 70 | Target Retirement Date | FFSZX vs TDIFX | |
| Mutual of America Retirement Income Fund | 0.80 | 0.77 | 0.70 | 71 | Target Retirement Date | FFSZX vs MARMX | |
| Prudential Day One Income Fund | 0.80 | 0.81 | 0.82 | 78 | Target Retirement Date | FFSZX vs PDAHX | |
| MFS Lifetime Income Fund | 0.81 | 0.79 | 0.80 | 55 | Target Retirement Date | FFSZX vs MLLIX |
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