Looking to diversify beyond FACFX? The mutual funds below have historically moved differently from FACFX, 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 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 0.64, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.56 | 0.59 | 80 | Semiconductors, Technology Equities | FACFX vs FSELX | |
| Fidelity Capital & Income Fund | 0.75 | 0.74 | 0.76 | 74 | High Yield Bonds | FACFX vs FAGIX | |
| Fidelity 500 Index Fund | 0.80 | 0.72 | 0.73 | 64 | S&P 500 | FACFX vs FXAIX | |
| Vanguard 500 Index Fund Investor Shares | 0.80 | 0.72 | 0.73 | 62 | Large Cap Blend Equities | FACFX vs VFINX | |
| Fidelity ZERO Large Cap Index Fund | 0.81 | 0.73 | 0.74 | 59 | Large Cap Blend Equities | FACFX vs FNILX |
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