Looking to diversify beyond FBIIX? The mutual funds below have the lowest correlation with FBIIX — 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 FBIIX.
Best Diversifiers for FBIIX
4 mutual funds have low correlation with FBIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.20, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.20 | 0.07 | 0.08 | 97 | Semiconductors, Technology Equities | FBIIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.27 | 0.13 | 0.12 | 75 | Large Cap Growth Equities | FBIIX vs FBGRX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.29 | 0.13 | 0.04 | 97 | Emerging Markets Bonds | FBIIX vs EELDX | |
| Fidelity Emerging Markets Index Fund | 0.30 | 0.11 | 0.07 | 90 | Emerging Markets Diversified | FBIIX vs FPADX | |
| Fidelity Small Cap Index Fund | 0.32 | 0.19 | 0.14 | 64 | Small Cap Blend Equities | FBIIX vs FSSNX |
See all 26 diversifiers for FBIIX
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