Looking to diversify beyond FLIFX? The mutual funds below have the lowest correlation with FLIFX — 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 FLIFX.
Best Diversifiers for FLIFX
0 mutual funds have low correlation with FLIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.60 | 0.65 | 96 | Semiconductors, Technology Equities | FLIFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.74 | 0.70 | 0.75 | 73 | Large Cap Growth Equities | FLIFX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.83 | 0.85 | 81 | Target Retirement Date | FLIFX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.84 | 0.83 | 0.84 | 81 | Target Retirement Date | FLIFX vs DTDRX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.84 | 0.83 | 0.84 | 80 | Target Retirement Date | FLIFX vs DRIKX |
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