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
2 mutual funds have low correlation with FACDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.30, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.38 | 0.49 | 96 | Semiconductors, Technology Equities | FACDX vs FSELX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.30 | 0.38 | 0.49 | 96 | Semiconductors, Technology Equities, Actively Managed | FACDX vs FELAX | |
| Fidelity Blue Chip Growth Fund | 0.40 | 0.48 | 0.61 | 68 | Large Cap Growth Equities | FACDX vs FBGRX | |
| Fidelity Total International Index Fund | 0.49 | 0.52 | 0.58 | 66 | Foreign Large Cap Equities | FACDX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.52 | 0.59 | 0.69 | 62 | Large Cap Blend Equities | FACDX vs FNILX |
See all 20 diversifiers for FACDX
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