Looking to diversify beyond FDMLX? The mutual funds below have the lowest correlation with FDMLX — 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 FDMLX.
Best Diversifiers for FDMLX
0 mutual funds have low correlation with FDMLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.46, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.46 | 0.54 | 0.63 | 75 | Large Cap Growth Equities | FDMLX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.47 | 0.52 | 0.59 | 97 | Semiconductors, Technology Equities | FDMLX vs FSELX | |
| USAA Nasdaq 100 Index Fund | 0.53 | 0.56 | 0.62 | 74 | Large Cap Growth Equities | FDMLX vs USNQX | |
| Fidelity Total International Index Fund | 0.64 | 0.69 | 0.75 | 58 | Foreign Large Cap Equities | FDMLX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.69 | 0.72 | 0.78 | 71 | Large Cap Blend Equities | FDMLX vs FNILX |
See all 30 diversifiers for FDMLX
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