Looking to diversify beyond FFEGX? The mutual funds below have the lowest correlation with FFEGX — 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 FFEGX.
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 0.69, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.69 | 0.73 | 96 | Semiconductors, Technology Equities | FFEGX vs FSELX | |
| Fidelity Small Cap Index Fund | 0.81 | 0.80 | 0.83 | 72 | Small Cap Blend Equities | FFEGX vs FSSNX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.80 | 0.84 | 68 | Large Cap Growth Equities | FFEGX vs FBGRX | |
| Vanguard Small-Cap Index Fund Admiral Shares | 0.82 | 0.82 | 0.85 | 55 | Small Cap Blend Equities | FFEGX vs VSMAX | |
| Fidelity Capital & Income Fund | 0.82 | 0.84 | 0.83 | 92 | High Yield Bonds | FFEGX vs FAGIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFEGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFEGX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.48, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.48 | 0.53 | 0.62 | 72 | Technology |
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