Looking to diversify beyond FJAMX? The mutual funds below have the lowest correlation with FJAMX — 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 FJAMX.
Best Diversifiers for FJAMX
0 mutual funds have low correlation with FJAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.69 | 0.73 | 97 | Semiconductors, Technology Equities | FJAMX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.83 | 83 | Target Retirement Date | FJAMX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.78 | 0.82 | 75 | Large Cap Growth Equities | FJAMX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.90 | 0.93 | 83 | Target Retirement Date | FJAMX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.87 | 0.89 | 0.92 | 83 | Target Retirement Date | FJAMX vs DTDRX |
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