Looking to diversify beyond FGWMX? The mutual funds below have the lowest correlation with FGWMX — 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 FGWMX.
Best Diversifiers for FGWMX
0 mutual funds have low correlation with FGWMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.31, 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 | 0.31 | 0.20 | 0.25 | 97 | Semiconductors, Technology Equities | FGWMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.35 | 0.26 | 0.31 | 75 | Large Cap Growth Equities | FGWMX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.39 | 0.32 | 0.34 | 71 | Large Cap Blend Equities | FGWMX vs FSKAX | |
| Fidelity 500 Index Fund | 0.39 | 0.31 | 0.34 | 73 | S&P 500 | FGWMX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.39 | 0.32 | 0.34 | 71 | Large Cap Blend Equities | FGWMX vs FNILX |
See all 22 diversifiers for FGWMX
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