Looking to diversify beyond FJAOX? The mutual funds below have the lowest correlation with FJAOX — 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 FJAOX.
Best Diversifiers for FJAOX
0 mutual funds have low correlation with FJAOX (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 | 96 | Semiconductors, Technology Equities | FJAOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.77 | 0.73 | 0.78 | 73 | Large Cap Growth Equities | FJAOX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.85 | 0.89 | 0.87 | 77 | Target Retirement Date | FJAOX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.87 | 0.89 | 81 | Target Retirement Date | FJAOX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.87 | 0.86 | 0.88 | 81 | Target Retirement Date | FJAOX vs DTDRX |
See all 45 diversifiers for FJAOX
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