Looking to diversify beyond FACNX? The mutual funds below have the lowest correlation with FACNX — 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 FACNX.
Best Diversifiers for FACNX
0 mutual funds have low correlation with FACNX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.34, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.34 | 0.43 | 0.51 | 96 | Semiconductors, Technology Equities | FACNX vs FSELX | |
| PIMCO RAE PLUS International Fund | 0.41 | 0.46 | 0.53 | 75 | Foreign Large Cap Equities | FACNX vs PTSIX | |
| Fidelity Blue Chip Growth Fund | 0.47 | 0.52 | 0.60 | 73 | Large Cap Growth Equities | FACNX vs FBGRX | |
| SA International Value Fund | 0.48 | 0.52 | 0.64 | 88 | Foreign Large Cap Equities | FACNX vs SAHMX | |
| Thornburg Global Opportunities Fund | 0.50 | 0.61 | 0.71 | 91 | Foreign Large Cap Equities | FACNX vs THOIX |
See all 38 diversifiers for FACNX
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