Looking to diversify beyond FCLTX? The mutual funds below have the lowest correlation with FCLTX — 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 FCLTX.
Best Diversifiers for FCLTX
0 mutual funds have low correlation with FCLTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.60, 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 | 0.60 | 0.60 | 0.65 | 97 | Semiconductors, Technology Equities | FCLTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.64 | 0.69 | 75 | Large Cap Growth Equities | FCLTX vs FBGRX | |
| Fidelity Total International Index Fund | 0.63 | 0.62 | 0.67 | 58 | Foreign Large Cap Equities | FCLTX vs FTIHX | |
| Fidelity 500 Index Fund | 0.71 | 0.76 | 0.81 | 73 | S&P 500 | FCLTX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.75 | 0.80 | 71 | Large Cap Blend Equities | FCLTX vs FNILX |
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