Looking to diversify beyond FCVFX? The mutual funds below have the lowest correlation with FCVFX — 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 FCVFX.
Best Diversifiers for FCVFX
1 mutual funds have low correlation with FCVFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Sustainable Low Duration Bond FundFidelity SAI Sustainable Emerging Markets Equity Fund (FAPDX) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Sustainable Low Duration Bond FundFidelit... | 0.09 | 0.03 | — | 99 | Ultrashort Bond | FCVFX vs FAPDX | |
| Fidelity Blue Chip Growth Fund | 0.49 | 0.54 | 0.65 | 75 | Large Cap Growth Equities | FCVFX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.51 | 0.60 | 97 | Semiconductors, Technology Equities | FCVFX vs FSELX | |
| Fidelity Emerging Markets Index Fund | 0.54 | 0.56 | 0.59 | 89 | Emerging Markets Diversified | FCVFX vs FPADX | |
| Fidelity Total International Index Fund | 0.69 | 0.71 | 0.75 | 59 | Foreign Large Cap Equities | FCVFX vs FTIHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCVFX
Add FCVFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCVFX