Looking to diversify beyond FBLTX? The mutual funds below have historically moved differently from FBLTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.41, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.41 | -0.21 | -0.10 | 79 | Commodities | FBLTX vs FIFGX | |
| GMO U.S. Treasury Fund | 0.06 | 0.03 | 0.03 | 99 | Government Bonds | FBLTX vs GUSTX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.02 | 80 | Semiconductors, Technology Equities | FBLTX vs FSELX | |
| Fidelity Capital & Income Fund | 0.18 | 0.23 | 0.21 | 74 | High Yield Bonds | FBLTX vs FAGIX | |
| Strategic Advisers Fidelity Emerging Markets Fund | 0.18 | 0.11 | 0.05 | 81 | Emerging Markets Equities | FBLTX vs FGOMX |
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