Looking to diversify beyond FGBTX? The mutual funds below have the lowest correlation with FGBTX — 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 FGBTX.
Best Diversifiers for FGBTX
7 mutual funds have low correlation with FGBTX (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 | FGBTX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.25 | -0.27 | 99 | Total Bond Market | FGBTX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.12 | 0.11 | 75 | Large Cap Growth Equities | FGBTX vs FBGRX | |
| Fidelity 500 Index Fund | 0.22 | 0.18 | 0.14 | 73 | S&P 500 | FGBTX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.23 | 0.19 | 0.15 | 71 | Large Cap Blend Equities | FGBTX vs FSKAX |
See all 18 diversifiers for FGBTX
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