Looking to diversify beyond FIJLX? The mutual funds below have historically moved differently from FIJLX, 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 FIJLX
0 mutual funds have low correlation with FIJLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.69, roughly unchanged from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.63 | 0.68 | 80 | Semiconductors, Technology Equities | FIJLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.86 | 0.89 | 0.87 | 82 | Target Retirement Date | FIJLX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.86 | 0.88 | 0.90 | 76 | Target Retirement Date | FIJLX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.86 | 0.88 | 78 | Target Retirement Date | FIJLX vs DRILX | |
| Voya Target In-Retirement Fund | 0.87 | 0.91 | 0.92 | 70 | Target Retirement Date | FIJLX vs ISOLX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FIJLX
Add FIJLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIJLX