Looking to diversify beyond FARMX? The mutual funds below have historically moved differently from FARMX, 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 FARMX
12 mutual funds have low correlation with FARMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Semiconductors Fund Class A (FELAX) (Semiconductors) with a 1Y correlation of 0.11, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Semiconductors Fund Class A | 0.11 | 0.21 | 0.33 | 81 | Semiconductors, Technology Equities, Actively Managed | FARMX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | 0.22 | 0.34 | 80 | Semiconductors, Technology Equities | FARMX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.18 | 0.38 | 0.49 | 59 | Large Cap Blend Equities | FARMX vs FNILX | |
| Fidelity 500 Index Fund | 0.18 | 0.38 | 0.49 | 64 | S&P 500 | FARMX vs FXAIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 0.19 | 0.36 | 0.45 | 69 | High Yield Bonds | FARMX vs FAHDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FARMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.03 | 0.13 | 0.23 | 95 | Communication Services | |
| Federal Agricultural Mortgage Corporation | 0.07 | 0.32 | 0.42 | 73 | Financial Services |
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