Looking to diversify beyond FDIAX? The mutual funds below have the lowest correlation with FDIAX — 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 FDIAX.
Best Diversifiers for FDIAX
3 mutual funds have low correlation with FDIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.12 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FDIAX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.22 | -0.15 | -0.23 | 99 | Total Bond Market | FDIAX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.22 | 0.13 | 0.12 | 73 | Large Cap Growth Equities | FDIAX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.32 | 0.20 | 0.16 | 63 | Large Cap Blend Equities | FDIAX vs FNILX | |
| Fidelity 500 Index Fund | 0.32 | 0.19 | 0.15 | 66 | S&P 500 | FDIAX vs FXAIX |
See all 17 diversifiers for FDIAX
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