Looking to diversify beyond FFGAX? The mutual funds below have the lowest correlation with FFGAX — 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 FFGAX.
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 Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.15, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.15 | 0.33 | 0.41 | 73 | Large Cap Growth Equities | FFGAX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.34 | 0.39 | 96 | Semiconductors, Technology Equities | FFGAX vs FSELX | |
| Fidelity 500 Index Fund | 0.26 | 0.42 | 0.50 | 66 | S&P 500 | FFGAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.43 | 0.50 | 63 | Large Cap Blend Equities | FFGAX vs FNILX | |
| Fidelity Total Market Index Fund | 0.28 | 0.45 | 0.52 | 65 | Large Cap Blend Equities | FFGAX vs FSKAX |
See all 17 diversifiers for FFGAX
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