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 0.73, 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 | 0.73 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FIPFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.75 | 0.79 | 0.76 | 81 | Target Retirement Date | FIPFX vs TDIFX | |
| Fidelity Select Technology Portfolio | 0.76 | 0.79 | 0.84 | 92 | Technology Equities | FIPFX vs FSPTX | |
| Prudential Day One Income Fund | 0.81 | 0.83 | 0.84 | 83 | Target Retirement Date | FIPFX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.78 | 0.75 | 66 | Target Retirement Date | FIPFX vs FRAMX |
See all 80 diversifiers for FIPFX
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