Looking to diversify beyond FEPIX? The mutual funds below have the lowest correlation with FEPIX — 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 FEPIX.
Best Diversifiers for FEPIX
10 mutual funds have low correlation with FEPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.07 | 0.09 | 97 | Semiconductors, Technology Equities | FEPIX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.24 | -0.27 | 99 | Total Bond Market | FEPIX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.13 | 0.13 | 75 | Large Cap Growth Equities | FEPIX vs FBGRX | |
| MFS Blended Research Core Equity Fund | 0.23 | 0.18 | 0.14 | 64 | Large Cap Blend Equities | FEPIX vs MUSEX | |
| Multi-Manager Value Strategies Fund | 0.24 | 0.20 | 0.14 | 59 | Large Cap Value Equities | FEPIX vs CZMVX |
See all 29 diversifiers for FEPIX
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