Looking to diversify beyond FEDCX? The mutual funds below have historically moved differently from FEDCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FEDCX
0 mutual funds have low correlation with FEDCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.30, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.20 | 0.25 | 82 | Semiconductors, Technology Equities | FEDCX vs FSELX | |
| Fidelity Sustainable Low Duration Bond FundFidelit... | 0.37 | 0.38 | — | 99 | Ultrashort Bond | FEDCX vs FAPDX | |
| Fidelity China Region Fund | 0.40 | 0.26 | 0.28 | 87 | China Equities, Asia Pacific Equities | FEDCX vs FHKCX | |
| Fidelity ZERO Large Cap Index Fund | 0.44 | 0.33 | 0.35 | 65 | Large Cap Blend Equities | FEDCX vs FNILX | |
| Fidelity 500 Index Fund | 0.44 | 0.32 | 0.34 | 70 | S&P 500 | FEDCX vs FXAIX |
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