Looking to diversify beyond FJAHX? The mutual funds below have the lowest correlation with FJAHX — 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 FJAHX.
Best Diversifiers for FJAHX
0 mutual funds have low correlation with FJAHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.70, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.67 | 0.71 | 93 | Semiconductors, Technology Equities | FJAHX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.72 | 0.71 | 0.76 | 63 | Large Cap Growth Equities | FJAHX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.88 | 0.86 | 81 | Target Retirement Date | FJAHX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.88 | 0.91 | 0.92 | 75 | Target Retirement Date | FJAHX vs IRSOX | |
| Voya Target In-Retirement Fund | 0.88 | 0.92 | 0.92 | 73 | Target Retirement Date | FJAHX vs ISOLX |
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