Looking to diversify beyond FEATX? The mutual funds below have the lowest correlation with FEATX — 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 FEATX.
Best Diversifiers for FEATX
0 mutual funds have low correlation with FEATX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity ZERO Large Cap Index Fund (FNILX) (Large Cap Blend Equities) with a 1Y correlation of 0.66, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity ZERO Large Cap Index Fund | 0.66 | 0.63 | 0.62 | 63 | Large Cap Blend Equities | FEATX vs FNILX | |
| Fidelity 500 Index Fund | 0.66 | 0.63 | 0.61 | 66 | S&P 500 | FEATX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.67 | 0.63 | 0.63 | 65 | Large Cap Blend Equities | FEATX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.67 | 0.64 | 0.63 | 66 | Large Cap Blend Equities | FEATX vs FZROX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.65 | 0.66 | 73 | Large Cap Growth Equities | FEATX vs FBGRX |
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