Looking to diversify beyond FAVFX? The mutual funds below have the lowest correlation with FAVFX — 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 FAVFX.
Best Diversifiers for FAVFX
0 mutual funds have low correlation with FAVFX (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 0.50, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.50 | 0.54 | 0.66 | 75 | Large Cap Growth Equities | FAVFX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.51 | 0.60 | 97 | Semiconductors, Technology Equities | FAVFX vs FSELX | |
| Fidelity Total International Index Fund | 0.69 | 0.71 | 0.75 | 58 | Foreign Large Cap Equities | FAVFX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.70 | 0.72 | 0.79 | 71 | Large Cap Blend Equities | FAVFX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.72 | 0.79 | 73 | S&P 500 | FAVFX vs FXAIX |
See all 24 diversifiers for FAVFX
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