Looking to diversify beyond FCGCX? The mutual funds below have the lowest correlation with FCGCX — 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 FCGCX.
Best Diversifiers for FCGCX
6 mutual funds have low correlation with FCGCX (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 0.12, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.12 | 0.32 | 0.40 | 75 | Large Cap Growth Equities | FCGCX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.23 | 0.34 | 0.39 | 97 | Semiconductors, Technology Equities | FCGCX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.43 | 0.50 | 71 | Large Cap Blend Equities | FCGCX vs FNILX | |
| Fidelity 500 Index Fund | 0.25 | 0.43 | 0.50 | 75 | S&P 500 | FCGCX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.27 | 0.45 | 0.52 | 71 | Large Cap Blend Equities | FCGCX vs FSKAX |
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