Looking to diversify beyond BLUEX? The mutual funds below have historically moved differently from BLUEX, 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 BLUEX
16 mutual funds have low correlation with BLUEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio Class K (FOCKX) (Large Cap Growth Equities) with a 1Y correlation of 0.13, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio Class K | 0.13 | 0.33 | 0.55 | 72 | Large Cap Growth Equities | BLUEX vs FOCKX | |
| Fidelity OTC Portfolio | 0.13 | 0.34 | 0.55 | 72 | Large Cap Growth Equities | BLUEX vs FOCPX | |
| Fidelity OTC K6 Portfolio | 0.14 | 0.34 | 0.55 | 59 | Large Cap Growth Equities | BLUEX vs FOKFX | |
| Fidelity Growth Company K6 Fund | 0.15 | 0.34 | 0.53 | 54 | Large Cap Growth Equities | BLUEX vs FGKFX | |
| Chase Growth Fund | 0.16 | 0.37 | 0.52 | 79 | Large Cap Growth Equities | BLUEX vs CHASX |
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