Looking to diversify beyond FIDFX? The mutual funds below have historically moved differently from FIDFX, 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 FIDFX
0 mutual funds have low correlation with FIDFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.56, roughly unchanged from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.54 | 0.62 | 80 | Semiconductors, Technology Equities | FIDFX vs FSELX | |
| Hotchkis & Wiley Mid-Cap Value Fund | 0.66 | 0.83 | 0.88 | 85 | Mid Cap Value Equities | FIDFX vs HWMIX | |
| Fidelity International Index Fund | 0.69 | 0.69 | 0.74 | 64 | Foreign Large Cap Equities | FIDFX vs FSPSX | |
| Fidelity Total International Index Fund | 0.70 | 0.69 | 0.74 | 70 | Foreign Large Cap Equities | FIDFX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.74 | 0.80 | 54 | Large Cap Blend Equities | FIDFX vs FNILX |
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