Looking to diversify beyond FTAFX? The mutual funds below have historically moved differently from FTAFX, 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 FTAFX
0 mutual funds have low correlation with FTAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.63, up from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.51 | 0.52 | 80 | Semiconductors, Technology Equities | FTAFX vs FSELX | |
| Voya Target Retirement 2050 Fund | 0.77 | 0.72 | 0.69 | 74 | Target Retirement Date | FTAFX vs IRSQX | |
| Fidelity ZERO Large Cap Index Fund | 0.77 | 0.67 | 0.64 | 59 | Large Cap Blend Equities | FTAFX vs FNILX | |
| Fidelity 500 Index Fund | 0.77 | 0.67 | 0.64 | 64 | S&P 500 | FTAFX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.78 | 0.68 | 0.64 | 63 | Large Cap Blend Equities | FTAFX vs FSKAX |
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