Looking to diversify beyond FCDIX? The mutual funds below have the lowest correlation with FCDIX — 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 FCDIX.
Best Diversifiers for FCDIX
0 mutual funds have low correlation with FCDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.62, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.62 | 0.64 | 0.74 | 75 | Large Cap Growth Equities | FCDIX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.61 | 0.68 | 97 | Semiconductors, Technology Equities | FCDIX vs FSELX | |
| Fidelity Total International Index Fund | 0.70 | 0.70 | 0.73 | 59 | Foreign Large Cap Equities | FCDIX vs FTIHX | |
| Auer Growth Fund | 0.73 | 0.79 | 0.82 | 91 | Small Cap Blend Equities | FCDIX vs AUERX | |
| Fidelity 500 Index Fund | 0.76 | 0.77 | 0.83 | 75 | S&P 500 | FCDIX vs FXAIX |
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