Looking to diversify beyond FWLSX? The mutual funds below have the lowest correlation with FWLSX — 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 FWLSX.
Best Diversifiers for FWLSX
0 mutual funds have low correlation with FWLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 89 | Semiconductors, Technology Equities | FWLSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 81 | Target Retirement Date | FWLSX vs TDIFX | |
| Mutual of America Retirement Income Fund | 0.78 | 0.76 | 0.71 | 65 | Target Retirement Date | FWLSX vs MARMX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.73 | 0.67 | 58 | Target Retirement Date | FWLSX vs DRIQX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.78 | 71 | Target Retirement Date | FWLSX vs FRQIX |
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