Looking to diversify beyond FFGAX? The mutual funds below have historically moved differently from FFGAX, 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 FFGAX
6 mutual funds have low correlation with FFGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex 500 Index Fund (FDFIX) (Large Cap Blend Equities) with a 1Y correlation of 0.26, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex 500 Index Fund | 0.26 | 0.41 | 0.49 | 59 | Large Cap Blend Equities | FFGAX vs FDFIX | |
| Fidelity 500 Index Fund | 0.26 | 0.41 | 0.49 | 64 | S&P 500 | FFGAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.41 | 0.49 | 59 | Large Cap Blend Equities | FFGAX vs FNILX | |
| Fidelity Total Market Index Fund | 0.27 | 0.43 | 0.51 | 63 | Large Cap Blend Equities | FFGAX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.27 | 0.44 | 0.51 | 64 | Large Cap Blend Equities | FFGAX vs FZROX |
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