Looking to diversify beyond FEDUX? The mutual funds below have the lowest correlation with FEDUX — 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 FEDUX.
Best Diversifiers for FEDUX
6 mutual funds have low correlation with FEDUX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.02 | 0.04 | 96 | Semiconductors, Technology Equities | FEDUX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.08 | 0.09 | 73 | Large Cap Growth Equities | FEDUX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.15 | 0.13 | 63 | Large Cap Blend Equities | FEDUX vs FNILX | |
| Fidelity Total Market Index Fund | 0.22 | 0.15 | 0.12 | 65 | Large Cap Blend Equities | FEDUX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.22 | 0.16 | 0.13 | 66 | Large Cap Blend Equities | FEDUX vs FZROX |
See all 10 diversifiers for FEDUX
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