Looking to diversify beyond FJALX? The mutual funds below have the lowest correlation with FJALX — 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 FJALX.
Best Diversifiers for FJALX
0 mutual funds have low correlation with FJALX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.67, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.65 | 0.69 | 97 | Semiconductors, Technology Equities | FJALX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.76 | 0.74 | 0.78 | 75 | Large Cap Growth Equities | FJALX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.87 | 85 | Target Retirement Date | FJALX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.87 | 0.89 | 86 | Target Retirement Date | FJALX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.84 | 0.86 | 0.88 | 86 | Target Retirement Date | FJALX vs DTDRX |
See all 37 diversifiers for FJALX
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