Looking to diversify beyond FJAZX? The mutual funds below have the lowest correlation with FJAZX — 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 FJAZX.
Best Diversifiers for FJAZX
0 mutual funds have low correlation with FJAZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.59, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.55 | 0.60 | 96 | Semiconductors, Technology Equities | FJAZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.63 | 0.68 | 73 | Large Cap Growth Equities | FJAZX vs FBGRX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.79 | 0.76 | 0.78 | 80 | Target Retirement Date | FJAZX vs DRIKX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.79 | 0.77 | 0.78 | 81 | Target Retirement Date | FJAZX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.79 | 0.76 | 0.78 | 81 | Target Retirement Date | FJAZX vs DTDRX |
See all 46 diversifiers for FJAZX
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Diversification Analysis
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