Looking to diversify beyond FGZMX? The mutual funds below have the lowest correlation with FGZMX — 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 FGZMX.
Best Diversifiers for FGZMX
0 mutual funds have low correlation with FGZMX (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 | FGZMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.36 | 0.26 | 0.31 | 75 | Large Cap Growth Equities | FGZMX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.40 | 0.32 | 0.34 | 71 | Large Cap Blend Equities | FGZMX vs FNILX | |
| Fidelity 500 Index Fund | 0.40 | 0.32 | 0.34 | 73 | S&P 500 | FGZMX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.40 | 0.34 | 0.35 | 72 | Large Cap Blend Equities | FGZMX vs FZROX |
See all 21 diversifiers for FGZMX
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