Looking to diversify beyond FFXSX? The mutual funds below have the lowest correlation with FFXSX — 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 FFXSX.
Best Diversifiers for FFXSX
8 mutual funds have low correlation with FFXSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | -0.02 | 0.01 | 97 | Semiconductors, Technology Equities | FFXSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.04 | 0.05 | 75 | Large Cap Growth Equities | FFXSX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.17 | 0.11 | 0.09 | 71 | Large Cap Blend Equities | FFXSX vs FNILX | |
| Fidelity Total Market Index Fund | 0.17 | 0.10 | 0.08 | 71 | Large Cap Blend Equities | FFXSX vs FSKAX | |
| Fidelity 500 Index Fund | 0.18 | 0.09 | 0.08 | 73 | S&P 500 | FFXSX vs FXAIX |
See all 18 diversifiers for FFXSX
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