Looking to diversify beyond FIWTX? The mutual funds below have historically moved differently from FIWTX, 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 FIWTX
0 mutual funds have low correlation with FIWTX (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 0.69 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 | 0.65 | 0.69 | 82 | Semiconductors, Technology Equities | FIWTX vs FSELX | |
| Dimensional Retirement Income Fund | 0.88 | 0.90 | 0.88 | 83 | Target Retirement Date | FIWTX vs TDIFX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.88 | 0.87 | 0.89 | 83 | Target Retirement Date | FIWTX vs DRIKX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.88 | 0.87 | 0.88 | 79 | Target Retirement Date | FIWTX vs DTDRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.88 | 0.88 | 0.89 | 80 | Target Retirement Date | FIWTX vs DRILX |
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