Looking to diversify beyond FFEGX? The mutual funds below have historically moved differently from FFEGX, 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 FFEGX
0 mutual funds have low correlation with FFEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.69 | 0.73 | 80 | Semiconductors, Technology Equities | FFEGX vs FSELX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.71 | 0.77 | 0.80 | 66 | Diversified Portfolio | FFEGX vs VWIAX | |
| Fidelity Small Cap Index Fund | 0.81 | 0.80 | 0.83 | 76 | Small Cap Blend Equities | FFEGX vs FSSNX | |
| Vanguard Small-Cap Index Fund Admiral Shares | 0.82 | 0.82 | 0.85 | 61 | Small Cap Blend Equities | FFEGX vs VSMAX | |
| Fidelity Capital & Income Fund | 0.82 | 0.84 | 0.83 | 67 | High Yield Bonds | FFEGX vs FAGIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFEGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.51, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.51 | 0.52 | 0.62 | 61 | Technology |
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