Looking to diversify beyond FIAFX? The mutual funds below have the lowest correlation with FIAFX — 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 FIAFX.
Best Diversifiers for FIAFX
0 mutual funds have low correlation with FIAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.47 | 0.50 | 97 | Semiconductors, Technology Equities | FIAFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.54 | 0.56 | 75 | Large Cap Growth Equities | FIAFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.63 | 0.62 | 71 | Large Cap Blend Equities | FIAFX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.62 | 0.61 | 73 | S&P 500 | FIAFX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.72 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FIAFX vs FSKAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIAFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIAFX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.00 | 0.14 | 0.19 | 63 | Consumer Defensive |
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