Looking to diversify beyond FEDCX? The mutual funds below have the lowest correlation with FEDCX — 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 FEDCX.
Best Diversifiers for FEDCX
2 mutual funds have low correlation with FEDCX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.25 | 0.26 | 0.32 | 56 | Emerging Markets Bonds | FEDCX vs EDF | |
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.21 | 0.25 | 96 | Semiconductors, Technology Equities | FEDCX vs FSELX | |
| Fidelity China Region Fund | 0.37 | 0.26 | 0.27 | 94 | China Equities | FEDCX vs FHKCX | |
| Fidelity Blue Chip Growth Fund | 0.37 | 0.27 | 0.30 | 68 | Large Cap Growth Equities | FEDCX vs FBGRX | |
| Fidelity Sustainable Low Duration Bond FundFidelit... | 0.40 | 0.38 | — | 99 | Ultrashort Bond | FEDCX vs FAPDX |
See all 29 diversifiers for FEDCX
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