Looking to diversify beyond FJTDX? The mutual funds below have historically moved differently from FJTDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FJTDX
25 mutual funds have low correlation with FJTDX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | -0.01 | 0.26 | 0.29 | 98 | Ultrashort Bond | FJTDX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.00 | 0.03 | 0.12 | 100 | Ultrashort Bond | FJTDX vs ENIAX | |
| Fidelity Select Semiconductors Portfolio | 0.04 | -0.00 | 0.04 | 80 | Semiconductors, Technology Equities | FJTDX vs FSELX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.06 | 0.16 | 0.22 | 99 | Total Bond Market | FJTDX vs VUBFX | |
| Strategic Advisers Fidelity International Fund | 0.07 | 0.10 | 0.07 | 74 | Foreign Large Blend Equities | FJTDX vs FUSIX |
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