Looking to diversify beyond FEBGX? The mutual funds below have the lowest correlation with FEBGX — 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 FEBGX.
Best Diversifiers for FEBGX
6 mutual funds have low correlation with FEBGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.06 | 0.06 | 96 | Semiconductors, Technology Equities | FEBGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.13 | 0.10 | 73 | Large Cap Growth Equities | FEBGX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.21 | 0.14 | 63 | Large Cap Blend Equities | FEBGX vs FNILX | |
| Fidelity 500 Index Fund | 0.28 | 0.20 | 0.13 | 66 | S&P 500 | FEBGX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.29 | 0.21 | 0.14 | 65 | Large Cap Blend Equities | FEBGX vs FSKAX |
See all 15 diversifiers for FEBGX
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