Looking to diversify beyond FFGIX? The mutual funds below have historically moved differently from FFGIX, 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 FFGIX
5 mutual funds have low correlation with FFGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) 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 500 Index Fund | 0.26 | 0.41 | 0.49 | 59 | S&P 500 | FFGIX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.27 | 0.41 | 0.49 | 54 | Large Cap Blend Equities | FFGIX vs FNILX | |
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.33 | 0.39 | 80 | Semiconductors, Technology Equities | FFGIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | 0.27 | 0.44 | 0.51 | 59 | Large Cap Blend Equities | FFGIX vs FZROX | |
| Fidelity Total Market Index Fund | 0.28 | 0.43 | 0.51 | 58 | Large Cap Blend Equities | FFGIX vs FSKAX |
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