Looking to diversify beyond FFTHX? The mutual funds below have historically moved differently from FFTHX, 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 FFTHX
1 mutual funds have low correlation with FFTHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Tax-Free Bond Fund (FTABX) (Municipal Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Tax-Free Bond Fund | 0.30 | 0.25 | 0.21 | 71 | Municipal Bonds | FFTHX vs FTABX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.73 | 0.76 | 80 | Semiconductors, Technology Equities | FFTHX vs FSELX | |
| Dimensional Retirement Income Fund | 0.82 | 0.83 | 0.79 | 81 | Target Retirement Date | FFTHX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.84 | 0.79 | 0.72 | 53 | Target Retirement Date | FFTHX vs DRIQX | |
| MFS Lifetime Income Fund | 0.85 | 0.84 | 0.85 | 66 | Target Retirement Date | FFTHX vs MLLIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFTHX, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.05 | 0.05 | 0.15 | 97 | Healthcare | |
| Visa Inc. | 0.15 | 0.35 | 0.49 | 53 | Financial Services |
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