Looking to diversify beyond FGBYX? The mutual funds below have the lowest correlation with FGBYX — 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 FGBYX.
Best Diversifiers for FGBYX
11 mutual funds have low correlation with FGBYX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.01, 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 | 0.01 | 0.04 | 0.07 | 97 | Semiconductors, Technology Equities | FGBYX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.01 | 0.10 | 0.10 | 75 | Large Cap Growth Equities | FGBYX vs FBGRX | |
| Fidelity 500 Index Fund | 0.04 | 0.15 | 0.13 | 73 | S&P 500 | FGBYX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.05 | 0.17 | 0.14 | 72 | Large Cap Blend Equities | FGBYX vs FZROX | |
| Fidelity ZERO Large Cap Index Fund | 0.06 | 0.16 | 0.14 | 71 | Large Cap Blend Equities | FGBYX vs FNILX |
See all 14 diversifiers for FGBYX
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