Looking to diversify beyond FWTKX? The mutual funds below have the lowest correlation with FWTKX — 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 FWTKX.
Best Diversifiers for FWTKX
0 mutual funds have low correlation with FWTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.72 | 0.76 | 89 | Semiconductors, Technology Equities | FWTKX vs FSELX | |
| Dimensional Retirement Income Fund | 0.82 | 0.83 | 0.79 | 85 | Target Retirement Date | FWTKX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.83 | 0.82 | 0.85 | 56 | Large Cap Growth Equities | FWTKX vs FBGRX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.83 | 0.82 | 68 | Target Retirement Date | FWTKX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.84 | 0.82 | 0.80 | 69 | Target Retirement Date | FWTKX vs FRIMX |
See all 54 diversifiers for FWTKX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FWTKX
Add FWTKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FWTKX