Looking to diversify beyond FBNIX? The mutual funds below have the lowest correlation with FBNIX — 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 FBNIX.
Best Diversifiers for FBNIX
8 mutual funds have low correlation with FBNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.03 | -0.03 | 0.01 | 97 | Semiconductors, Technology Equities | FBNIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.08 | 0.03 | 0.05 | 75 | Large Cap Growth Equities | FBNIX vs FBGRX | |
| Fidelity 500 Index Fund | 0.13 | 0.07 | 0.08 | 73 | S&P 500 | FBNIX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.13 | 0.08 | 0.09 | 71 | Large Cap Blend Equities | FBNIX vs FNILX | |
| Fidelity Total Market Index Fund | 0.13 | 0.08 | 0.08 | 71 | Large Cap Blend Equities | FBNIX vs FSKAX |
See all 17 diversifiers for FBNIX
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