Looking to diversify beyond FCFBX? The mutual funds below have the lowest correlation with FCFBX — 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 FCFBX.
Best Diversifiers for FCFBX
4 mutual funds have low correlation with FCFBX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.10, up from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.10 | -0.21 | -0.23 | 99 | Total Bond Market | FCFBX vs JSOSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.12 | 0.26 | 0.26 | 99 | Total Bond Market | FCFBX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.14 | 0.18 | 0.22 | 99 | Total Bond Market | FCFBX vs FJTDX | |
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.19 | 0.20 | 97 | Semiconductors, Technology Equities | FCFBX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.32 | 0.25 | 0.25 | 75 | Large Cap Growth Equities | FCFBX vs FBGRX |
See all 17 diversifiers for FCFBX
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