Looking to diversify beyond FCMAX? The mutual funds below have the lowest correlation with FCMAX — 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 FCMAX.
Best Diversifiers for FCMAX
15 mutual funds have low correlation with FCMAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.04 | 0.20 | 0.23 | 94 | Municipal Bonds | FCMAX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.06 | 0.06 | 94 | Semiconductors, Technology Equities | FCMAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.11 | 0.09 | 54 | Large Cap Growth Equities | FCMAX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.17 | 0.16 | 0.11 | 52 | Large Cap Blend Equities | FCMAX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.17 | 0.17 | 0.11 | 52 | Large Cap Blend Equities | FCMAX vs FZROX |
See all 27 diversifiers for FCMAX
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Diversification Analysis
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