Looking to diversify beyond FICCX? The mutual funds below have the lowest correlation with FICCX — 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 FICCX.
Best Diversifiers for FICCX
0 mutual funds have low correlation with FICCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.35, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.35 | 0.44 | 0.52 | 96 | Semiconductors, Technology Equities | FICCX vs FSELX | |
| PIMCO RAE PLUS International Fund | 0.40 | 0.46 | 0.53 | 75 | Foreign Large Cap Equities | FICCX vs PTSIX | |
| SA International Value Fund | 0.48 | 0.52 | 0.64 | 88 | Foreign Large Cap Equities | FICCX vs SAHMX | |
| Fidelity Blue Chip Growth Fund | 0.48 | 0.53 | 0.60 | 73 | Large Cap Growth Equities | FICCX vs FBGRX | |
| Thornburg Global Opportunities Fund | 0.50 | 0.61 | 0.71 | 91 | Foreign Large Cap Equities | FICCX vs THOIX |
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