Looking to diversify beyond FFGZX? The mutual funds below have the lowest correlation with FFGZX — 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 FFGZX.
Best Diversifiers for FFGZX
0 mutual funds have low correlation with FFGZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.55, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.48 | 0.50 | 92 | Semiconductors, Technology Equities | FFGZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.66 | 0.57 | 0.58 | 61 | Large Cap Growth Equities | FFGZX vs FBGRX | |
| Mutual of America Investment Corporation - 2050 Re... | 0.74 | 0.69 | 0.59 | 68 | Target Retirement Date | FFGZX vs MURNX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.74 | — | — | 67 | Target Retirement Date | FFGZX vs FAELX | |
| Mutual of America 2045 Retirement Fund | 0.74 | 0.69 | 0.60 | 69 | Target Retirement Date | FFGZX vs MURMX |
See all 577 diversifiers for FFGZX
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Diversification Analysis
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