Looking to diversify beyond FCVFX? The mutual funds below have historically moved differently from FCVFX, 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 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 0.10, roughly unchanged from 0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Sustainable Low Duration Bond FundFidelit... | 0.10 | 0.03 | — | 99 | Ultrashort Bond | FCVFX vs FAPDX | |
| Fidelity Select Semiconductors Portfolio | 0.47 | 0.50 | 0.59 | 80 | Semiconductors, Technology Equities | FCVFX vs FSELX | |
| Fidelity Emerging Markets Index Fund | 0.53 | 0.55 | 0.59 | 62 | Emerging Markets Equities | FCVFX vs FPADX | |
| Fidelity International Index Fund | 0.68 | 0.68 | 0.73 | 70 | Foreign Large Cap Equities | FCVFX vs FSPSX | |
| Fidelity 500 Index Fund | 0.69 | 0.72 | 0.79 | 64 | S&P 500 | FCVFX vs FXAIX |
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