Looking to diversify beyond FIPFX? The mutual funds below have the lowest correlation with FIPFX — 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 FIPFX.
Best Diversifiers for FIPFX
0 mutual funds have low correlation with FIPFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.78 | 89 | Semiconductors, Technology Equities | FIPFX vs FSELX | |
| Fidelity Select Technology Portfolio | 0.78 | 0.78 | 0.84 | 80 | Technology Equities | FIPFX vs FSPTX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.77 | 85 | Target Retirement Date | FIPFX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.78 | 68 | Target Retirement Date | FIPFX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.78 | 0.78 | 63 | Target Retirement Date | FIPFX vs FRQAX |
See all 75 diversifiers for FIPFX
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