Looking to diversify beyond FEPAX? The mutual funds below have the lowest correlation with FEPAX — 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 FEPAX.
Best Diversifiers for FEPAX
3 mutual funds have low correlation with FEPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.08 | 0.10 | 96 | Semiconductors, Technology Equities | FEPAX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.23 | -0.27 | 99 | Total Bond Market | FEPAX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.15 | 0.14 | 73 | Large Cap Growth Equities | FEPAX vs FBGRX | |
| Fidelity 500 Index Fund | 0.30 | 0.22 | 0.17 | 66 | S&P 500 | FEPAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.30 | 0.23 | 0.18 | 63 | Large Cap Blend Equities | FEPAX vs FNILX |
See all 18 diversifiers for FEPAX
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