Looking to diversify beyond FBKWX? The mutual funds below have the lowest correlation with FBKWX — 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 FBKWX.
Best Diversifiers for FBKWX
8 mutual funds have low correlation with FBKWX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.08 | 0.09 | 96 | Semiconductors, Technology Equities | FBKWX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.22 | -0.26 | 99 | Total Bond Market | FBKWX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.20 | 0.14 | 0.14 | 73 | Large Cap Growth Equities | FBKWX vs FBGRX | |
| Fidelity Advisor Stock Selector All Cap Fund Class... | 0.27 | 0.21 | 0.17 | 85 | Large Cap Growth Equities | FBKWX vs FZAPX | |
| Fidelity Growth & Income Portfolio | 0.27 | 0.20 | 0.12 | 62 | Large Cap Value Equities | FBKWX vs FGRIX |
See all 21 diversifiers for FBKWX
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