Looking to diversify beyond FCBAX? The mutual funds below have the lowest correlation with FCBAX — 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 FCBAX.
Best Diversifiers for FCBAX
2 mutual funds have low correlation with FCBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.15 | 0.11 | 0.11 | 97 | Semiconductors, Technology Equities | FCBAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.22 | 0.18 | 0.15 | 75 | Large Cap Growth Equities | FCBAX vs FBGRX | |
| Fidelity 500 Index Fund | 0.31 | 0.26 | 0.19 | 73 | S&P 500 | FCBAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.31 | 0.27 | 0.20 | 71 | Large Cap Blend Equities | FCBAX vs FNILX | |
| Fidelity Total Market Index Fund | 0.31 | 0.27 | 0.19 | 71 | Large Cap Blend Equities | FCBAX vs FSKAX |
See all 10 diversifiers for FCBAX
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