Looking to diversify beyond FBGLX? The mutual funds below have the lowest correlation with FBGLX — 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 FBGLX.
Best Diversifiers for FBGLX
0 mutual funds have low correlation with FBGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.77 | 92 | Semiconductors, Technology Equities | FBGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.75 | 84 | Target Retirement Date | FBGLX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.77 | 0.77 | 67 | Target Retirement Date | FBGLX vs FRQAX | |
| Fidelity Managed Retirement Income Fund | 0.81 | 0.76 | 0.74 | 82 | Target Retirement Date | FBGLX vs FIRMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.76 | 0.74 | 70 | Target Retirement Date | FBGLX vs FRIMX |
See all 55 diversifiers for FBGLX
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