Looking to diversify beyond FGBAX? The mutual funds below have the lowest correlation with FGBAX — 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 FGBAX.
Best Diversifiers for FGBAX
7 mutual funds have low correlation with FGBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.06 | 0.07 | 97 | Semiconductors, Technology Equities | FGBAX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.27 | -0.28 | 99 | Total Bond Market | FGBAX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.12 | 0.11 | 75 | Large Cap Growth Equities | FGBAX vs FBGRX | |
| Fidelity 500 Index Fund | 0.23 | 0.19 | 0.14 | 73 | S&P 500 | FGBAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.20 | 0.15 | 71 | Large Cap Blend Equities | FGBAX vs FNILX |
See all 17 diversifiers for FGBAX
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