Looking to diversify beyond FETKX? The mutual funds below have the lowest correlation with FETKX — 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 FETKX.
Best Diversifiers for FETKX
1 mutual funds have low correlation with FETKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.28, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.28 | 0.30 | 0.44 | 97 | Semiconductors, Technology Equities | FETKX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.32 | 0.36 | 0.52 | 75 | Large Cap Growth Equities | FETKX vs FBGRX | |
| Fidelity Advisor Large Cap Fund Class C | 0.35 | 0.62 | 0.77 | 60 | Large Cap Value Equities | FETKX vs FLCCX | |
| Fidelity Advisor Large Cap Fund Class I | 0.35 | 0.62 | 0.77 | 62 | Large Cap Value Equities | FETKX vs FALIX | |
| Fidelity Advisor Large Cap Fund Class M | 0.35 | 0.61 | 0.77 | 61 | Large Cap Value Equities | FETKX vs FALGX |
See all 34 diversifiers for FETKX
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