Looking to diversify beyond FIDGX? The mutual funds below have historically moved differently from FIDGX, 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 FIDGX
0 mutual funds have low correlation with FIDGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity International Index Fund (FSPSX) (Foreign Large Cap Equities) with a 1Y correlation of 0.70, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity International Index Fund | 0.70 | 0.66 | 0.70 | 70 | Foreign Large Cap Equities | FIDGX vs FSPSX | |
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.69 | 0.74 | 80 | Semiconductors, Technology Equities | FIDGX vs FSELX | |
| Fidelity Total International Index Fund | 0.76 | 0.70 | 0.73 | 73 | Foreign Large Cap Equities | FIDGX vs FTIHX | |
| Fidelity 500 Index Fund | 0.81 | 0.81 | 0.84 | 64 | S&P 500 | FIDGX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.81 | 0.81 | 0.85 | 59 | Large Cap Blend Equities | FIDGX vs FNILX |
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