Looking to diversify beyond FGBMX? The mutual funds below have historically moved differently from FGBMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FGBMX
0 mutual funds have low correlation with FGBMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.31, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.31 | 0.20 | 0.26 | 80 | Semiconductors, Technology Equities | FGBMX vs FSELX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.43 | 0.38 | 0.41 | 57 | Emerging Markets Bonds | FGBMX vs EDD | |
| Fidelity ZERO Large Cap Index Fund | 0.44 | 0.33 | 0.35 | 59 | Large Cap Blend Equities | FGBMX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.45 | 0.35 | 0.36 | 64 | Large Cap Blend Equities | FGBMX vs FZROX | |
| Fidelity Total Market Index Fund | 0.45 | 0.34 | 0.36 | 63 | Large Cap Blend Equities | FGBMX vs FSKAX |
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