Looking to diversify beyond FEQTX? The mutual funds below have the lowest correlation with FEQTX — 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 FEQTX.
Best Diversifiers for FEQTX
3 mutual funds have low correlation with FEQTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Total Bond Market) with a 1Y correlation of 0.19, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.19 | 0.06 | 0.02 | 99 | Total Bond Market | FEQTX vs FCNVX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.30 | 0.44 | 96 | Semiconductors, Technology Equities | FEQTX vs FSELX | |
| Fidelity OTC Portfolio | 0.28 | 0.33 | 0.51 | 90 | Large Cap Growth Equities | FEQTX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.31 | 0.36 | 0.52 | 68 | Large Cap Growth Equities | FEQTX vs FBGRX | |
| Fidelity Growth Company Fund | 0.32 | 0.36 | 0.52 | 72 | Large Cap Growth Equities | FEQTX vs FDGRX |
See all 58 diversifiers for FEQTX
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