Looking to diversify beyond FACTX? The mutual funds below have historically moved differently from FACTX, 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 FACTX
1 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 0.23, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.23 | 0.35 | 0.47 | 80 | Semiconductors, Technology Equities | FACTX vs FSELX | |
| Fidelity Total International Index Fund | 0.40 | 0.50 | 0.56 | 73 | Foreign Large Cap Equities | FACTX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.43 | 0.57 | 0.67 | 59 | Large Cap Blend Equities | FACTX vs FNILX | |
| Fidelity International Index Fund | 0.44 | 0.51 | 0.58 | 70 | Foreign Large Cap Equities | FACTX vs FSPSX | |
| Fidelity 500 Index Fund | 0.44 | 0.58 | 0.67 | 64 | S&P 500 | FACTX vs FXAIX |
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