Looking to diversify beyond FACDX? The mutual funds below have the lowest correlation with FACDX — 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 FACDX.
Best Diversifiers for FACDX
0 mutual funds have low correlation with FACDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Semiconductors Fund Class A (FELAX) (Technology Equities) with a 1Y correlation of 0.32, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Semiconductors Fund Class A | 0.32 | 0.38 | 0.49 | 97 | Technology Equities | FACDX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.32 | 0.38 | 0.49 | 97 | Semiconductors, Technology Equities | FACDX vs FSELX | |
| Fidelity Advisor Growth Opportunities Fund Class A | 0.41 | 0.51 | 0.64 | 53 | Large Cap Growth Equities | FACDX vs FAGAX | |
| Fidelity Blue Chip Growth Fund | 0.42 | 0.49 | 0.62 | 75 | Large Cap Growth Equities | FACDX vs FBGRX | |
| Fidelity Total International Index Fund | 0.52 | 0.53 | 0.58 | 59 | Foreign Large Cap Equities | FACDX vs FTIHX |
See all 20 diversifiers for FACDX
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