Looking to diversify beyond FIJSX? The mutual funds below have the lowest correlation with FIJSX — 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 FIJSX.
Best Diversifiers for FIJSX
0 mutual funds have low correlation with FIJSX (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 | 96 | Semiconductors, Technology Equities | FIJSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.76 | 0.79 | 0.75 | 77 | Target Retirement Date | FIJSX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 79 | Target Retirement Date | FIJSX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FIJSX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.84 | 0.75 | 0.71 | 71 | Target Retirement Date | FIJSX vs FFGZX |
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