Looking to diversify beyond FIKEX? The mutual funds below have the lowest correlation with FIKEX — 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 FIKEX.
Best Diversifiers for FIKEX
0 mutual funds have low correlation with FIKEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.59, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.60 | 0.65 | 96 | Semiconductors, Technology Equities | FIKEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.64 | 0.69 | 73 | Large Cap Growth Equities | FIKEX vs FBGRX | |
| Fidelity Total International Index Fund | 0.65 | 0.63 | 0.67 | 62 | Foreign Large Cap Equities | FIKEX vs FTIHX | |
| Fidelity 500 Index Fund | 0.71 | 0.75 | 0.81 | 66 | S&P 500 | FIKEX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.75 | 0.80 | 63 | Large Cap Blend Equities | FIKEX vs FNILX |
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