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Fidelity Blue Chip Growth Fund Class K (FBGKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The fund invests primarily in common stocks. It normally invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC (FMR)'s view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in securities of domestic and foreign issuers. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

Looking to diversify beyond FBGKX? The mutual funds below have the lowest correlation with FBGKX — 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 FBGKX.

Best Diversifiers for FBGKX

4 mutual funds have low correlation with FBGKX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.14, down from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSENX
Fidelity Select Energy Portfolio-0.140.100.24
77
Energy EquitiesFBGKX vs FSENX
VUSFX
Vanguard Ultra-Short-Term Bond Fund Admiral Shares0.160.080.11
100
Total Bond MarketFBGKX vs VUSFX
VFSUX
Vanguard Short-Term Investment-Grade Fund Admiral ...0.200.100.12
59
Total Bond MarketFBGKX vs VFSUX
VFSIX
Vanguard Short-Term Investment-Grade Fund Institut...0.200.100.12
59
Total Bond MarketFBGKX vs VFSIX
EFCNX
Emerald Insights Fund0.380.790.88
98
Large Cap Growth EquitiesFBGKX vs EFCNX
See all 54 diversifiers for FBGKX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FBGKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBGKX and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.41, down from 0.54 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
INTC
Intel Corporation0.410.460.54
98
Technology
BE
Bloom Energy Corporation0.440.410.51
99
Industrials
AAPL
Apple Inc0.460.520.65
90
Technology
SOFI
SoFi Technologies, Inc.0.540.540.60
55
Financial Services

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Diversification Analysis

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