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Fidelity Series Total Market Index Fund (FCFMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of assets in equity securities included in the Dow Jones U.S. Total Stock Market Index?, which is a float-adjusted market capitalization-weighted index that measures the performance of a broad range of equity securities of U.S. headquartered companies.

Looking to diversify beyond FCFMX? The mutual funds below have the lowest correlation with FCFMX — 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 FCFMX.

Best Diversifiers for FCFMX

0 mutual funds have low correlation with FCFMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.330.160.13
72
Large Cap Blend EquitiesFCFMX vs SVPFX
ORDNX
North Square Preferred and Income Securities Fund0.520.360.43
69
Large Cap Blend EquitiesFCFMX vs ORDNX
RCKSX
Rock Oak Core Growth Fund0.650.740.83
62
Large Cap Blend EquitiesFCFMX vs RCKSX
FSELX
Fidelity Select Semiconductors Portfolio0.740.770.80
96
Semiconductors, Technology EquitiesFCFMX vs FSELX
RESGX
Glenmede Responsible ESG U.S. Equity Portfolio0.750.850.90
88
Large Cap Blend EquitiesFCFMX vs RESGX
See all 46 diversifiers for FCFMX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FCFMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCFMX and solid risk/return profiles. The least correlated is Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
WFC
Wells Fargo & Company0.450.450.51
55
Financial Services

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Diversification Analysis

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