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
0 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 0.34, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.34 | 0.43 | 0.51 | 96 | Semiconductors, Technology Equities | FICDX vs FSELX | |
| PIMCO RAE PLUS International Fund | 0.41 | 0.46 | 0.53 | 75 | Foreign Large Cap Equities | FICDX vs PTSIX | |
| SA International Value Fund | 0.48 | 0.51 | 0.64 | 88 | Foreign Large Cap Equities | FICDX vs SAHMX | |
| Fidelity Blue Chip Growth Fund | 0.49 | 0.53 | 0.60 | 73 | Large Cap Growth Equities | FICDX vs FBGRX | |
| Thornburg Global Opportunities Fund | 0.50 | 0.61 | 0.71 | 91 | Foreign Large Cap Equities | FICDX vs THOIX |
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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 | 74 | Consumer Defensive | |
| Monster Beverage Corporation | 0.06 | 0.18 | 0.29 | 85 | Consumer Defensive | |
| Mitsubishi Corp | 0.13 | 0.24 | 0.22 | 81 | Industrials | |
| Canadian Solar Inc. | 0.22 | 0.34 | 0.35 | 63 | Technology | |
| Nebius Group N.V. | 0.24 | — | — | 96 | Communication Services |
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Build a portfolio that complements FICDX
Add FICDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FICDX