Looking to diversify beyond EFIPX? The mutual funds below have the lowest correlation with EFIPX — 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 EFIPX.
Best Diversifiers for EFIPX
7 mutual funds have low correlation with EFIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.05 | 0.06 | 96 | Semiconductors, Technology Equities | EFIPX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.13 | 0.12 | 73 | Large Cap Growth Equities | EFIPX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.24 | -0.13 | -0.22 | 99 | Total Bond Market | EFIPX vs JSOSX | |
| Fidelity 500 Index Fund | 0.27 | 0.18 | 0.14 | 66 | S&P 500 | EFIPX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.28 | 0.19 | 0.15 | 65 | Large Cap Blend Equities | EFIPX vs FSKAX |
See all 18 diversifiers for EFIPX
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