Looking to diversify beyond FGBCX? The mutual funds below have the lowest correlation with FGBCX — 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 FGBCX.
Best Diversifiers for FGBCX
6 mutual funds have low correlation with FGBCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, 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 | 0.07 | 0.07 | 0.07 | 96 | Semiconductors, Technology Equities | FGBCX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.25 | -0.28 | 99 | Total Bond Market | FGBCX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.19 | 0.13 | 0.11 | 68 | Large Cap Growth Equities | FGBCX vs FBGRX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.25 | 0.33 | 0.32 | 99 | Total Bond Market | FGBCX vs FCNVX | |
| Amana Growth Fund Investor Shares | 0.26 | 0.19 | 0.16 | 63 | Large Cap Growth Equities | FGBCX vs AMAGX |
See all 18 diversifiers for FGBCX
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