Looking to diversify beyond FCBIX? The mutual funds below have the lowest correlation with FCBIX — 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 FCBIX.
Best Diversifiers for FCBIX
2 mutual funds have low correlation with FCBIX (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 | 0.12 | 0.11 | 96 | Semiconductors, Technology Equities | FCBIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.26 | 0.18 | 0.16 | 73 | Large Cap Growth Equities | FCBIX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.36 | 0.27 | 0.20 | 63 | Large Cap Blend Equities | FCBIX vs FNILX | |
| Fidelity 500 Index Fund | 0.36 | 0.26 | 0.19 | 66 | S&P 500 | FCBIX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.37 | 0.27 | 0.20 | 65 | Large Cap Blend Equities | FCBIX vs FSKAX |
See all 10 diversifiers for FCBIX
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