Looking to diversify beyond FIJTX? The mutual funds below have the lowest correlation with FIJTX — 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 FIJTX.
Best Diversifiers for FIJTX
0 mutual funds have low correlation with FIJTX (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 | FIJTX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | FIJTX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FIJTX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 79 | Target Retirement Date | FIJTX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.84 | 0.78 | 0.75 | 65 | Target Retirement Date | FIJTX vs FRIMX |
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