Looking to diversify beyond FCAFX? The mutual funds below have the lowest correlation with FCAFX — 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 FCAFX.
Best Diversifiers for FCAFX
0 mutual funds have low correlation with FCAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.48 | 0.50 | 97 | Semiconductors, Technology Equities | FCAFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.60 | 0.55 | 0.57 | 75 | Large Cap Growth Equities | FCAFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.72 | 0.64 | 0.63 | 71 | Large Cap Blend Equities | FCAFX vs FNILX | |
| Fidelity 500 Index Fund | 0.72 | 0.63 | 0.62 | 73 | S&P 500 | FCAFX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.72 | 0.65 | 0.63 | 71 | Large Cap Blend Equities | FCAFX vs FSKAX |
See all 43 diversifiers for FCAFX
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