Looking to diversify beyond FECGX? The mutual funds below have the lowest correlation with FECGX — 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 FECGX.
Best Diversifiers for FECGX
3 mutual funds have low correlation with FECGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.23 | 0.27 | 0.32 | 93 | High Yield Bonds | FECGX vs FFRHX | |
| Fidelity Natural Resources Fund | 0.23 | 0.41 | 0.46 | 87 | Energy Equities | FECGX vs FNARX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.29 | 0.65 | 0.81 | 66 | Small Cap Growth Equities | FECGX vs QISGX | |
| Fidelity New Markets Income Fund | 0.34 | 0.32 | 0.33 | 93 | Emerging Markets Bonds | FECGX vs FNMIX | |
| Fidelity Emerging Markets Index Fund | 0.62 | 0.58 | 0.60 | 89 | Emerging Markets Diversified | FECGX vs FPADX |
See all 66 diversifiers for FECGX
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