Looking to diversify beyond FIJAX? The mutual funds below have the lowest correlation with FIJAX — 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 FIJAX.
Best Diversifiers for FIJAX
16 mutual funds have low correlation with FIJAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.04, 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 | 0.04 | 0.04 | 0.07 | 97 | Semiconductors, Technology Equities | FIJAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.09 | 0.10 | 75 | Large Cap Growth Equities | FIJAX vs FBGRX | |
| Fidelity ZERO Total Market Index Fund | 0.13 | 0.15 | 0.12 | 72 | Large Cap Blend Equities | FIJAX vs FZROX | |
| Fidelity 500 Index Fund | 0.14 | 0.14 | 0.12 | 73 | S&P 500 | FIJAX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.14 | 0.14 | 0.12 | 71 | Large Cap Blend Equities | FIJAX vs FNILX |
See all 22 diversifiers for FIJAX
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