Looking to diversify beyond FCIFX? The mutual funds below have the lowest correlation with FCIFX — 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 FCIFX.
Best Diversifiers for FCIFX
0 mutual funds have low correlation with FCIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.55 | 0.59 | 94 | Semiconductors, Technology Equities | FCIFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.63 | 0.68 | 54 | Large Cap Growth Equities | FCIFX vs FBGRX | |
| Fidelity 500 Index Fund | 0.80 | 0.72 | 0.73 | 52 | S&P 500 | FCIFX vs FXAIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.80 | 0.76 | 0.78 | 80 | Target Retirement Date | FCIFX vs DRILX | |
| Voya Target Retirement 2040 Fund | 0.80 | 0.80 | 0.81 | 82 | Target Retirement Date | FCIFX vs IRSOX |
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