Looking to diversify beyond FICDX? The mutual funds below have the lowest correlation with FICDX — 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 FICDX.
Best Diversifiers for FICDX
1 mutual funds have low correlation with FICDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.29, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.41 | 0.51 | 92 | Semiconductors, Technology Equities | FICDX vs FSELX | |
| Federated Hermes International Strategic Value Div... | 0.40 | 0.49 | 0.63 | 63 | Foreign Large Cap Equities | FICDX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.41 | 0.45 | 0.53 | 82 | Foreign Large Cap Equities | FICDX vs PTSIX | |
| Fidelity Blue Chip Growth Fund | 0.43 | 0.51 | 0.59 | 61 | Large Cap Growth Equities | FICDX vs FBGRX | |
| American Beacon Tocqueville International Value Fu... | 0.46 | 0.56 | 0.66 | 84 | Foreign Large Cap Equities | FICDX vs TIVFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FICDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FICDX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | 0.12 | 0.25 | 83 | Consumer Defensive | |
| Monster Beverage Corporation | 0.03 | 0.18 | 0.28 | 93 | Consumer Defensive | |
| Occidental Petroleum Corporation | 0.07 | 0.26 | 0.41 | 62 | Energy | |
| Mitsubishi Corp | 0.09 | 0.24 | 0.22 | 78 | Industrials | |
| Nebius Group N.V. | 0.18 | — | — | 96 | Communication Services |
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Build a portfolio that complements FICDX
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Analyze a portfolio with FICDX