Looking to diversify beyond FARMX? The mutual funds below have the lowest correlation with FARMX — 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 FARMX.
Best Diversifiers for FARMX
9 mutual funds have low correlation with FARMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.04, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.04 | 0.22 | 0.37 | 68 | Large Cap Growth Equities | FARMX vs FBGRX | |
| T. Rowe Price Global Technology Fund | 0.05 | 0.19 | 0.29 | 88 | Technology Equities | FARMX vs PRGTX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.10 | 0.22 | 0.34 | 96 | Semiconductors, Technology Equities, Actively Managed | FARMX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | 0.23 | 0.35 | 96 | Semiconductors, Technology Equities | FARMX vs FSELX | |
| Fidelity 500 Index Fund | 0.18 | 0.39 | 0.50 | 65 | S&P 500 | FARMX vs FXAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FARMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FARMX and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.04 | 0.13 | 0.24 | 96 | Communication Services |
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