Looking to diversify beyond FIALX? The mutual funds below have historically moved differently from FIALX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FIALX
1 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 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.07 | — | 80 | Semiconductors, Technology Equities | FIALX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.30 | 0.23 | — | 59 | Large Cap Blend Equities | FIALX vs FNILX | |
| Fidelity 500 Index Fund | 0.31 | 0.22 | — | 64 | S&P 500 | FIALX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.32 | 0.24 | — | 64 | Large Cap Blend Equities | FIALX vs FZROX | |
| Fidelity Total Market Index Fund | 0.32 | 0.23 | — | 63 | Large Cap Blend Equities | FIALX vs FSKAX |
To view more results, upgrade your current subscription plan.
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