Looking to diversify beyond FACFX? The mutual funds below have the lowest correlation with FACFX — 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 FACFX.
Best Diversifiers for FACFX
0 mutual funds have low correlation with FACFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.55 | 0.59 | 97 | Semiconductors, Technology Equities | FACFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.66 | 0.63 | 0.67 | 75 | Large Cap Growth Equities | FACFX vs FBGRX | |
| Fidelity Capital & Income Fund | 0.69 | 0.73 | 0.76 | 93 | High Yield Bonds | FACFX vs FAGIX | |
| Fidelity 500 Index Fund | 0.75 | 0.72 | 0.73 | 73 | S&P 500 | FACFX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.75 | 0.72 | 0.73 | 71 | Large Cap Blend Equities | FACFX vs FNILX |
See all 56 diversifiers for FACFX
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