Looking to diversify beyond FCFTX? The mutual funds below have the lowest correlation with FCFTX — 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 FCFTX.
Best Diversifiers for FCFTX
0 mutual funds have low correlation with FCFTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity California Municipal Income Fund (FCTFX) (Municipal Bonds) with a 1Y correlation of 0.39, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity California Municipal Income Fund | 0.39 | 0.41 | 0.37 | 66 | Municipal Bonds | FCFTX vs FCTFX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.43 | 0.41 | 0.37 | 69 | Municipal Bonds | FCFTX vs VCAIX | |
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.54 | 0.59 | 97 | Semiconductors, Technology Equities | FCFTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.66 | 0.63 | 0.67 | 75 | Large Cap Growth Equities | FCFTX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.76 | 0.72 | 0.74 | 71 | Large Cap Blend Equities | FCFTX vs FNILX |
See all 53 diversifiers for FCFTX
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