Looking to diversify beyond FDVKX? The mutual funds below have the lowest correlation with FDVKX — 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 FDVKX.
Best Diversifiers for FDVKX
0 mutual funds have low correlation with FDVKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.36, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.36 | 0.33 | 0.45 | 96 | Semiconductors, Technology Equities | FDVKX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.44 | 0.39 | 0.53 | 73 | Large Cap Growth Equities | FDVKX vs FBGRX | |
| Federated Hermes Strategic Value Dividend Fund | 0.52 | 0.65 | 0.76 | 78 | Large Cap Value Equities | FDVKX vs SVAIX | |
| Fidelity Total International Index Fund | 0.69 | 0.61 | 0.68 | 62 | Foreign Large Cap Equities | FDVKX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.69 | 0.64 | 0.74 | 63 | Large Cap Blend Equities | FDVKX vs FNILX |
See all 31 diversifiers for FDVKX
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