Looking to diversify beyond FYTKX? The mutual funds below have historically moved differently from FYTKX, 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 FYTKX
0 mutual funds have low correlation with FYTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.62, 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 | 0.62 | 0.50 | 0.52 | 80 | Semiconductors, Technology Equities | FYTKX vs FSELX | |
| Fidelity Capital & Income Fund | 0.73 | 0.70 | 0.70 | 67 | High Yield Bonds | FYTKX vs FAGIX | |
| Mutual of America 2040 Retirement Fund | 0.77 | 0.70 | 0.62 | 71 | Target Retirement Date | FYTKX vs MURLX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.77 | 0.69 | 0.60 | 73 | Target Retirement Date | FYTKX vs MURNX | |
| Mutual of America 2045 Retirement Fund | 0.77 | 0.69 | 0.61 | 73 | Target Retirement Date | FYTKX vs MURMX |
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