Looking to diversify beyond FGYMX? The mutual funds below have the lowest correlation with FGYMX — 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 FGYMX.
Best Diversifiers for FGYMX
0 mutual funds have low correlation with FGYMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.32, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.32 | 0.20 | 0.26 | 97 | Semiconductors, Technology Equities | FGYMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.37 | 0.27 | 0.31 | 75 | Large Cap Growth Equities | FGYMX vs FBGRX | |
| Fidelity 500 Index Fund | 0.41 | 0.32 | 0.34 | 73 | S&P 500 | FGYMX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.41 | 0.33 | 0.35 | 71 | Large Cap Blend Equities | FGYMX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.42 | 0.34 | 0.35 | 72 | Large Cap Blend Equities | FGYMX vs FZROX |
See all 20 diversifiers for FGYMX
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