Looking to diversify beyond FCLAX? The mutual funds below have the lowest correlation with FCLAX — 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 FCLAX.
Best Diversifiers for FCLAX
0 mutual funds have low correlation with FCLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.59, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.60 | 0.65 | 96 | Semiconductors, Technology Equities | FCLAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.64 | 0.70 | 73 | Large Cap Growth Equities | FCLAX vs FBGRX | |
| Fidelity Total International Index Fund | 0.65 | 0.63 | 0.67 | 62 | Foreign Large Cap Equities | FCLAX vs FTIHX | |
| Fidelity 500 Index Fund | 0.71 | 0.75 | 0.81 | 66 | S&P 500 | FCLAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.75 | 0.80 | 63 | Large Cap Blend Equities | FCLAX vs FNILX |
See all 9 diversifiers for FCLAX
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