Looking to diversify beyond FGBPX? The mutual funds below have the lowest correlation with FGBPX — 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 FGBPX.
Best Diversifiers for FGBPX
7 mutual funds have low correlation with FGBPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, 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 | 0.09 | 0.06 | 0.07 | 97 | Semiconductors, Technology Equities | FGBPX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.25 | -0.27 | 99 | Total Bond Market | FGBPX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.12 | 0.11 | 75 | Large Cap Growth Equities | FGBPX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.19 | 0.14 | 71 | Large Cap Blend Equities | FGBPX vs FNILX | |
| Fidelity 500 Index Fund | 0.23 | 0.19 | 0.14 | 73 | S&P 500 | FGBPX vs FXAIX |
See all 18 diversifiers for FGBPX
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