Looking to diversify beyond FIFZX? The mutual funds below have the lowest correlation with FIFZX — 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 FIFZX.
Best Diversifiers for FIFZX
6 mutual funds have low correlation with FIFZX (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 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.07 | 0.07 | 96 | Semiconductors, Technology Equities | FIFZX vs FSELX | |
| Fidelity Series Floating Rate High Income Fund | 0.15 | 0.13 | 0.14 | 94 | High Yield Bonds | FIFZX vs FFHCX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.22 | -0.27 | 99 | Total Bond Market | FIFZX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.20 | 0.13 | 0.11 | 73 | Large Cap Growth Equities | FIFZX vs FBGRX | |
| Fidelity Small Cap Index Fund | 0.28 | 0.23 | 0.15 | 69 | Small Cap Blend Equities | FIFZX vs FSSNX |
See all 20 diversifiers for FIFZX
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Diversification Analysis
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