Looking to diversify beyond FIDFX? The mutual funds below have the lowest correlation with FIDFX — 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 FIDFX.
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 Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.52, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.52 | 0.56 | 0.66 | 75 | Large Cap Growth Equities | FIDFX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.55 | 0.62 | 97 | Semiconductors, Technology Equities | FIDFX vs FSELX | |
| Fidelity Total International Index Fund | 0.68 | 0.69 | 0.74 | 58 | Foreign Large Cap Equities | FIDFX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.72 | 0.73 | 0.80 | 71 | Large Cap Blend Equities | FIDFX vs FNILX | |
| Fidelity 500 Index Fund | 0.72 | 0.74 | 0.81 | 73 | S&P 500 | FIDFX vs FXAIX |
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