Looking to diversify beyond FIBUX? The mutual funds below have the lowest correlation with FIBUX — 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 FIBUX.
Best Diversifiers for FIBUX
15 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 -0.26, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.26 | -0.06 | -0.10 | 78 | Energy Equities | FIBUX vs FSENX | |
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.06 | 0.06 | 97 | Semiconductors, Technology Equities | FIBUX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.11 | -0.25 | -0.27 | 99 | Total Bond Market | FIBUX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.12 | 0.10 | 75 | Large Cap Growth Equities | FIBUX vs FBGRX | |
| Fidelity Blue Chip Growth Fund Class K | 0.15 | 0.12 | 0.10 | 76 | Large Cap Growth Equities | FIBUX vs FBGKX |
See all 28 diversifiers for FIBUX
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