Looking to diversify beyond FIJUX? The mutual funds below have historically moved differently from FIJUX, 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 FIJUX
0 mutual funds have low correlation with FIJUX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, up from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.49 | 0.50 | 80 | Semiconductors, Technology Equities | FIJUX vs FSELX | |
| Voya Target Retirement 2050 Fund | 0.77 | 0.70 | 0.68 | 74 | Target Retirement Date | FIJUX vs IRSQX | |
| Fidelity ZERO Large Cap Index Fund | 0.78 | 0.65 | 0.63 | 59 | Large Cap Blend Equities | FIJUX vs FNILX | |
| Fidelity 500 Index Fund | 0.78 | 0.64 | 0.62 | 64 | S&P 500 | FIJUX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.78 | 0.66 | 0.63 | 64 | Large Cap Blend Equities | FIJUX vs FZROX |
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