Looking to diversify beyond FIBUX? The mutual funds below have historically moved differently from FIBUX, 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 FIBUX
7 mutual funds have low correlation with FIBUX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.32, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.32 | -0.09 | -0.10 | 87 | Energy Equities | FIBUX vs FSENX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | 0.05 | 0.06 | 80 | Semiconductors, Technology Equities | FIBUX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.21 | -0.27 | 99 | Total Bond Market | FIBUX vs JSOSX | |
| Fidelity Flex 500 Index Fund | 0.27 | 0.18 | 0.14 | 59 | Large Cap Blend Equities | FIBUX vs FDFIX | |
| Fidelity 500 Index Fund | 0.30 | 0.20 | 0.15 | 64 | S&P 500 | FIBUX vs FXAIX |
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