Looking to diversify beyond FJLMX? The mutual funds below have the lowest correlation with FJLMX — 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 FJLMX.
Best Diversifiers for FJLMX
0 mutual funds have low correlation with FJLMX (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 | 96 | Semiconductors, Technology Equities | FJLMX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.83 | 70 | Target Retirement Date | FJLMX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.78 | 0.82 | 68 | Large Cap Growth Equities | FJLMX vs FBGRX | |
| Voya Target In-Retirement Fund | 0.87 | 0.90 | 0.90 | 78 | Target Retirement Date | FJLMX vs ISOLX | |
| MFS Lifetime 2025 Fund | 0.88 | 0.90 | 0.92 | 61 | Target Retirement Date | FJLMX vs LTTIX |
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