Looking to diversify beyond FLIFX? The mutual funds below have historically moved differently from FLIFX, 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 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 0.64, roughly unchanged from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.60 | 0.65 | 80 | Semiconductors, Technology Equities | FLIFX vs FSELX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.84 | 0.85 | 77 | Target Retirement Date | FLIFX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.85 | 0.83 | 0.84 | 76 | Target Retirement Date | FLIFX vs DRIKX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.85 | 0.83 | 0.84 | 77 | Target Retirement Date | FLIFX vs DTDRX | |
| Fidelity ZERO Large Cap Index Fund | 0.86 | 0.81 | 0.82 | 59 | Large Cap Blend Equities | FLIFX vs FNILX |
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