Looking to diversify beyond FCBFX? The mutual funds below have historically moved differently from FCBFX, 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 FCBFX
2 mutual funds have low correlation with FCBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.11 | 0.12 | 80 | Semiconductors, Technology Equities | FCBFX vs FSELX | |
| Fidelity Emerging Markets Fund | 0.27 | 0.18 | 0.16 | 52 | Emerging Markets Equities | FCBFX vs FEMKX | |
| Fidelity Mega Cap Stock Fund | 0.33 | 0.20 | 0.14 | 74 | Large Cap Blend Equities | FCBFX vs FGRTX | |
| Fidelity Capital & Income Fund | 0.35 | 0.37 | 0.38 | 74 | High Yield Bonds | FCBFX vs FAGIX | |
| Fidelity Mid-Cap Stock Fund | 0.37 | 0.28 | 0.20 | 60 | Mid Cap Blend Equities | FCBFX vs FMCSX |
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