Looking to diversify beyond FERCX? The mutual funds below have the lowest correlation with FERCX — 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 FERCX.
Best Diversifiers for FERCX
0 mutual funds have low correlation with FERCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of 0.64, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | 0.64 | 0.63 | 0.61 | 75 | S&P 500 | FERCX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.65 | 0.63 | 0.62 | 71 | Large Cap Blend Equities | FERCX vs FNILX | |
| Fidelity Total Market Index Fund | 0.65 | 0.63 | 0.62 | 71 | Large Cap Blend Equities | FERCX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.66 | 0.64 | 0.62 | 72 | Large Cap Blend Equities | FERCX vs FZROX | |
| Fidelity Blue Chip Growth Fund | 0.67 | 0.64 | 0.66 | 75 | Large Cap Growth Equities | FERCX vs FBGRX |
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