Looking to diversify beyond FCYIX? The mutual funds below have the lowest correlation with FCYIX — 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 FCYIX.
Best Diversifiers for FCYIX
6 mutual funds have low correlation with FCYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.05, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.05 | 0.35 | 0.42 | 79 | Energy Equities | FCYIX vs FSENX | |
| Fidelity Select Biotechnology Portfolio | 0.15 | 0.42 | 0.46 | 66 | Health & Biotech Equities | FCYIX vs FBIOX | |
| Fidelity High Income Fund | 0.23 | 0.41 | 0.46 | 95 | High Yield Bonds | FCYIX vs SPHIX | |
| Fidelity Strategic Income Fund | 0.23 | 0.40 | 0.40 | 88 | Total Bond Market | FCYIX vs FADMX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.51 | 0.59 | 97 | Semiconductors, Technology Equities | FCYIX vs FSELX |
See all 15 diversifiers for FCYIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FCYIX
Add FCYIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCYIX