Looking to diversify beyond FBLTX? The mutual funds below have the lowest correlation with FBLTX — 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 FBLTX.
Best Diversifiers for FBLTX
14 mutual funds have low correlation with FBLTX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.36, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.36 | -0.18 | -0.10 | 54 | Commodities | FBLTX vs FIFGX | |
| Fidelity Select Semiconductors Portfolio | 0.04 | 0.05 | 0.02 | 92 | Semiconductors, Technology Equities | FBLTX vs FSELX | |
| GMO U.S. Treasury Fund | 0.06 | 0.03 | 0.03 | 99 | Government Bonds | FBLTX vs GUSTX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.10 | 0.05 | 61 | Large Cap Growth Equities | FBLTX vs FBGRX | |
| Strategic Advisers Fidelity Emerging Markets Fund | 0.15 | 0.11 | 0.04 | 81 | Emerging Markets Diversified | FBLTX vs FGOMX |
See all 33 diversifiers for FBLTX
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