Looking to diversify beyond FFGIX? The mutual funds below have the lowest correlation with FFGIX — 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 FFGIX.
Best Diversifiers for FFGIX
6 mutual funds have low correlation with FFGIX (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 0.12, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.12 | 0.32 | 0.40 | 75 | Large Cap Growth Equities | FFGIX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.34 | 0.40 | 97 | Semiconductors, Technology Equities | FFGIX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.42 | 0.50 | 71 | Large Cap Blend Equities | FFGIX vs FNILX | |
| Fidelity 500 Index Fund | 0.25 | 0.42 | 0.50 | 73 | S&P 500 | FFGIX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.27 | 0.45 | 0.52 | 71 | Large Cap Blend Equities | FFGIX vs FSKAX |
See all 42 diversifiers for FFGIX
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Diversification Analysis
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