Looking to diversify beyond FIFFX? The mutual funds below have the lowest correlation with FIFFX — 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 FIFFX.
Best Diversifiers for FIFFX
0 mutual funds have low correlation with FIFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 93 | Semiconductors, Technology Equities | FIFFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 81 | Target Retirement Date | FIFFX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.80 | 0.79 | 66 | Target Retirement Date | FIFFX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.80 | 0.79 | 64 | Target Retirement Date | FIFFX vs FRQAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.79 | 0.75 | 66 | Target Retirement Date | FIFFX vs FRIMX |
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