Looking to diversify beyond FGNSX? The mutual funds below have the lowest correlation with FGNSX — 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 FGNSX.
Best Diversifiers for FGNSX
65 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 -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.09 | -0.03 | -0.02 | 97 | Semiconductors, Technology Equities | FGNSX vs FSELX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.02 | 0.19 | — | 100 | Municipal Bonds | FGNSX vs DFABX | |
| Fidelity 500 Index Fund | 0.04 | 0.05 | 0.03 | 73 | S&P 500 | FGNSX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.04 | 0.06 | 0.03 | 71 | Large Cap Blend Equities | FGNSX vs FNILX | |
| Fidelity Total Market Index Fund | 0.04 | 0.05 | 0.03 | 71 | Large Cap Blend Equities | FGNSX vs FSKAX |
See all 402 diversifiers for FGNSX
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