Looking to diversify beyond FECMX? The mutual funds below have the lowest correlation with FECMX — 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 FECMX.
Best Diversifiers for FECMX
0 mutual funds have low correlation with FECMX (below 0.3), 0 of which are negatively correlated. The least correlated is William Blair Emerging Markets ex China Growth Fund Class I (WXCIX) (Emerging Markets Equities) with a 1Y correlation of 0.67, roughly unchanged from 0.66 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| William Blair Emerging Markets ex China Growth Fun... | 0.67 | 0.66 | — | 92 | Emerging Markets Equities | FECMX vs WXCIX | |
| Fidelity ZERO Large Cap Index Fund | 0.74 | 0.71 | 0.70 | 61 | Large Cap Blend Equities | FECMX vs FNILX | |
| Fidelity 500 Index Fund | 0.74 | 0.71 | 0.70 | 63 | S&P 500 | FECMX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.74 | 0.71 | 0.71 | 64 | Large Cap Blend Equities | FECMX vs FZROX | |
| Fidelity Total Market Index Fund | 0.74 | 0.71 | 0.71 | 63 | Large Cap Blend Equities | FECMX vs FSKAX |
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