Looking to diversify beyond FFGTX? The mutual funds below have the lowest correlation with FFGTX — 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 FFGTX.
Best Diversifiers for FFGTX
6 mutual funds have low correlation with FFGTX (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 0.16, 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 | 0.16 | 0.33 | 0.41 | 73 | Large Cap Growth Equities | FFGTX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.34 | 0.40 | 96 | Semiconductors, Technology Equities | FFGTX vs FSELX | |
| Fidelity 500 Index Fund | 0.26 | 0.42 | 0.50 | 66 | S&P 500 | FFGTX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.27 | 0.43 | 0.50 | 63 | Large Cap Blend Equities | FFGTX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.28 | 0.46 | 0.52 | 66 | Large Cap Blend Equities | FFGTX vs FZROX |
See all 17 diversifiers for FFGTX
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