Looking to diversify beyond FACTX? The mutual funds below have the lowest correlation with FACTX — 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 FACTX.
Best Diversifiers for FACTX
0 mutual funds have low correlation with FACTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.32, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.32 | 0.38 | 0.49 | 97 | Semiconductors, Technology Equities | FACTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.41 | 0.49 | 0.61 | 75 | Large Cap Growth Equities | FACTX vs FBGRX | |
| Fidelity Total International Index Fund | 0.49 | 0.52 | 0.58 | 58 | Foreign Large Cap Equities | FACTX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.54 | 0.60 | 0.69 | 71 | Large Cap Blend Equities | FACTX vs FNILX | |
| Fidelity 500 Index Fund | 0.54 | 0.60 | 0.69 | 73 | S&P 500 | FACTX vs FXAIX |
See all 17 diversifiers for FACTX
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Diversification Analysis
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