Looking to diversify beyond FIDRX? The mutual funds below have the lowest correlation with FIDRX — 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 FIDRX.
Best Diversifiers for FIDRX
0 mutual funds have low correlation with FIDRX (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 0.54, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.54 | 0.54 | 0.54 | 75 | Large Cap Growth Equities | FIDRX vs FBGRX |
Diversification Analysis
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