Looking to diversify beyond FICNX? The mutual funds below have historically moved differently from FICNX, 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 FICNX
12 mutual funds have low correlation with FICNX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FICNX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.15 | 0.13 | 59 | Large Cap Blend Equities | FICNX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.14 | 0.13 | 64 | S&P 500 | FICNX vs FXAIX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.27 | 0.27 | 100 | Municipal Bonds | FICNX vs ATOIX | |
| Fidelity ZERO Total Market Index Fund | 0.22 | 0.16 | 0.13 | 64 | Large Cap Blend Equities | FICNX vs FZROX |
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