Looking to diversify beyond FAPGX? The mutual funds below have the lowest correlation with FAPGX — 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 FAPGX.
Best Diversifiers for FAPGX
19 mutual funds have low correlation with FAPGX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.07, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.07 | -0.09 | — | 97 | Semiconductors, Technology Equities | FAPGX vs FSELX | |
| DFA One Year Fixed Income Portfolio | -0.03 | 0.04 | 0.15 | 99 | Ultrashort Bond | FAPGX vs DFIHX | |
| Fidelity Blue Chip Growth Fund | -0.00 | -0.05 | — | 75 | Large Cap Growth Equities | FAPGX vs FBGRX | |
| CrossingBridge Ultra-Short Duration Fund | 0.03 | 0.07 | — | 99 | Ultrashort Bond | FAPGX vs CBUDX | |
| Fidelity 500 Index Fund | 0.05 | 0.00 | — | 75 | S&P 500 | FAPGX vs FXAIX |
See all 32 diversifiers for FAPGX
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