Looking to diversify beyond FPTKX? The mutual funds below have historically moved differently from FPTKX, 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 FPTKX
0 mutual funds have low correlation with FPTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.69, roughly unchanged from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.62 | 0.66 | 80 | Semiconductors, Technology Equities | FPTKX vs FSELX | |
| Mutual of America 2055 Retirement Fund | 0.81 | 0.80 | 0.74 | 72 | Target Retirement Date | FPTKX vs MUROX | |
| Voya Solution 2050 Portfolio | 0.83 | 0.83 | 0.85 | 66 | Target Retirement Date | FPTKX vs ISNQX | |
| Voya Target Retirement 2040 Fund | 0.84 | 0.86 | 0.87 | 75 | Target Retirement Date | FPTKX vs IRSOX | |
| Fidelity Advisor 529 Aggressive Growth Portfolio C... | 0.85 | 0.80 | 0.84 | 59 | Target Retirement Date | FPTKX vs FFRGX |
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