Looking to diversify beyond FCMQX? The mutual funds below have historically moved differently from FCMQX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FCMQX
13 mutual funds have low correlation with FCMQX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.06 | 0.07 | 80 | Semiconductors, Technology Equities | FCMQX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.17 | 0.13 | 59 | Large Cap Blend Equities | FCMQX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.16 | 0.12 | 64 | S&P 500 | FCMQX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.22 | 0.17 | 0.12 | 63 | Large Cap Blend Equities | FCMQX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.23 | 0.18 | 0.13 | 64 | Large Cap Blend Equities | FCMQX vs FZROX |
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