Looking to diversify beyond FEGLX? The mutual funds below have the lowest correlation with FEGLX — 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 FEGLX.
Best Diversifiers for FEGLX
0 mutual funds have low correlation with FEGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.48 | 0.50 | 97 | Semiconductors, Technology Equities | FEGLX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.60 | 0.55 | 0.57 | 75 | Large Cap Growth Equities | FEGLX vs FBGRX | |
| Fidelity 500 Index Fund | 0.71 | 0.63 | 0.61 | 73 | S&P 500 | FEGLX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FEGLX vs FNILX | |
| Fidelity Total Market Index Fund | 0.72 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FEGLX vs FSKAX |
See all 60 diversifiers for FEGLX
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