Looking to diversify beyond FGOVX? The mutual funds below have the lowest correlation with FGOVX — 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 FGOVX.
Best Diversifiers for FGOVX
10 mutual funds have low correlation with FGOVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.04 | 0.04 | 96 | Semiconductors, Technology Equities | FGOVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.10 | 0.08 | 73 | Large Cap Growth Equities | FGOVX vs FBGRX | |
| Fidelity Mega Cap Stock Fund | 0.18 | 0.11 | 0.04 | 78 | Large Cap Blend Equities | FGOVX vs FGRTX | |
| Fidelity 500 Index Fund | 0.25 | 0.17 | 0.11 | 66 | S&P 500 | FGOVX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.18 | 0.12 | 63 | Large Cap Blend Equities | FGOVX vs FNILX |
See all 20 diversifiers for FGOVX
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