Looking to diversify beyond FEPTX? The mutual funds below have the lowest correlation with FEPTX — 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 FEPTX.
Best Diversifiers for FEPTX
5 mutual funds have low correlation with FEPTX (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 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.08 | 0.10 | 96 | Semiconductors, Technology Equities | FEPTX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.22 | -0.26 | 99 | Total Bond Market | FEPTX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.15 | 0.14 | 73 | Large Cap Growth Equities | FEPTX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.30 | 0.23 | 0.18 | 63 | Large Cap Blend Equities | FEPTX vs FNILX | |
| Fidelity 500 Index Fund | 0.30 | 0.22 | 0.18 | 66 | S&P 500 | FEPTX vs FXAIX |
See all 17 diversifiers for FEPTX
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