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 0.72, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.72 | 0.75 | 94 | Semiconductors, Technology Equities | FWTKX vs FSELX | |
| Dimensional Retirement Income Fund | 0.81 | 0.83 | 0.79 | 72 | Target Retirement Date | FWTKX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.84 | 0.81 | 0.85 | 58 | Large Cap Growth Equities | FWTKX vs FBGRX | |
| MFS Lifetime 2025 Fund | 0.84 | 0.87 | 0.90 | 72 | Target Retirement Date | FWTKX vs LTTIX | |
| Prudential Day One Income Fund | 0.86 | 0.86 | 0.86 | 79 | Target Retirement Date | FWTKX vs PDAHX |
See all 59 diversifiers for FWTKX
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