Looking to diversify beyond PDFDX? The mutual funds below have the lowest correlation with PDFDX — 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 PDFDX.
Best Diversifiers for PDFDX
0 mutual funds have low correlation with PDFDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.39, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Pharmaceuticals Portfolio | 0.39 | 0.46 | 0.51 | 53 | Health & Biotech Equities | PDFDX vs FPHAX | |
| Fidelity Advisor Biotechnology Fund Class M | 0.40 | 0.52 | 0.63 | 62 | Health & Biotech Equities | PDFDX vs FBTTX | |
| Fidelity Advisor Biotechnology Fund Class A | 0.40 | 0.52 | 0.63 | 62 | Health & Biotech Equities | PDFDX vs FBTAX | |
| Fidelity Advisor Biotechnology Fund I Class | 0.40 | 0.52 | 0.63 | 63 | Health & Biotech Equities | PDFDX vs FBTIX | |
| Fidelity Advisor Biotechnology Fund Class Z | 0.40 | 0.51 | 0.63 | 63 | Health & Biotech Equities | PDFDX vs FIJYX |
See all 10 diversifiers for PDFDX
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