Looking to diversify beyond FETKX? The mutual funds below have historically moved differently from FETKX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.16, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.26 | 0.42 | 80 | Semiconductors, Technology Equities | FETKX vs FSELX | |
| AMG Yacktman Focused Fund | 0.30 | 0.59 | 0.73 | 89 | Large Cap Value Equities | FETKX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.37 | 0.62 | 0.72 | 93 | Large Cap Value Equities | FETKX vs LEXCX | |
| GQG Partners US Quality Dividend Income Fund | 0.44 | 0.63 | 0.72 | 62 | Quality Factor, Large Cap Value Equities | FETKX vs GQHPX | |
| Fidelity Total International Index Fund | 0.49 | 0.58 | 0.67 | 73 | Foreign Large Cap Equities | FETKX vs FTIHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FETKX
Add FETKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FETKX