Looking to diversify beyond FGDIX? The mutual funds below have the lowest correlation with FGDIX — 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 FGDIX.
Best Diversifiers for FGDIX
2 mutual funds have low correlation with FGDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.27, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.25 | 0.25 | 97 | Semiconductors, Technology Equities | FGDIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.28 | 0.24 | 0.25 | 75 | Large Cap Growth Equities | FGDIX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.32 | 0.28 | 0.29 | 71 | Large Cap Blend Equities | FGDIX vs FNILX | |
| Fidelity 500 Index Fund | 0.33 | 0.29 | 0.29 | 73 | S&P 500 | FGDIX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.33 | 0.30 | 0.31 | 71 | Large Cap Blend Equities | FGDIX vs FSKAX |
See all 9 diversifiers for FGDIX
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Diversification Analysis
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