Looking to diversify beyond FIKOX? The mutual funds below have the lowest correlation with FIKOX — 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 FIKOX.
Best Diversifiers for FIKOX
2 mutual funds have low correlation with FIKOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.12 | 0.12 | 97 | Semiconductors, Technology Equities | FIKOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.19 | 0.16 | 75 | Large Cap Growth Equities | FIKOX vs FBGRX | |
| Fidelity 500 Index Fund | 0.31 | 0.25 | 0.19 | 75 | S&P 500 | FIKOX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.31 | 0.27 | 0.20 | 71 | Large Cap Blend Equities | FIKOX vs FNILX | |
| Fidelity Total Market Index Fund | 0.32 | 0.26 | 0.20 | 71 | Large Cap Blend Equities | FIKOX vs FSKAX |
See all 10 diversifiers for FIKOX
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