Looking to diversify beyond FGNSX? The mutual funds below have historically moved differently from FGNSX, 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 FGNSX
37 mutual funds have low correlation with FGNSX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.00 | -0.01 | -0.01 | 80 | Semiconductors, Technology Equities | FGNSX vs FSELX | |
| Nuveen Municipal Value Fund Inc. | 0.04 | 0.22 | 0.18 | 60 | Municipal Bonds | FGNSX vs NUV | |
| Fidelity ZERO Total Market Index Fund | 0.06 | 0.07 | 0.04 | 59 | Large Cap Blend Equities | FGNSX vs FZROX | |
| Fidelity 500 Index Fund | 0.06 | 0.06 | 0.03 | 59 | S&P 500 | FGNSX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.06 | 0.06 | 0.04 | 54 | Large Cap Blend Equities | FGNSX vs FNILX |
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