Looking to diversify beyond FIJMX? The mutual funds below have the lowest correlation with FIJMX — 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 FIJMX.
Best Diversifiers for FIJMX
0 mutual funds have low correlation with FIJMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.68, roughly unchanged from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.66 | 0.70 | 96 | Semiconductors, Technology Equities | FIJMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.79 | 0.76 | 0.80 | 73 | Large Cap Growth Equities | FIJMX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.87 | 0.85 | 77 | Target Retirement Date | FIJMX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.86 | 0.90 | 0.91 | 81 | Target Retirement Date | FIJMX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.88 | 0.91 | 81 | Target Retirement Date | FIJMX vs DRILX |
See all 44 diversifiers for FIJMX
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Diversification Analysis
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