Looking to diversify beyond FIALX? The mutual funds below have the lowest correlation with FIALX — 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 FIALX.
Best Diversifiers for FIALX
3 mutual funds have low correlation with FIALX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.08 | — | 96 | Semiconductors, Technology Equities | FIALX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.15 | — | 73 | Large Cap Growth Equities | FIALX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.29 | 0.23 | — | 63 | Large Cap Blend Equities | FIALX vs FNILX | |
| Fidelity 500 Index Fund | 0.31 | 0.22 | — | 66 | S&P 500 | FIALX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.32 | 0.23 | — | 65 | Large Cap Blend Equities | FIALX vs FSKAX |
See all 15 diversifiers for FIALX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIALX
Add FIALX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIALX