Looking to diversify beyond FIKPX? The mutual funds below have historically moved differently from FIKPX, 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 FIKPX
6 mutual funds have low correlation with FIKPX (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 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.04 | 0.03 | 0.04 | 80 | Semiconductors, Technology Equities | FIKPX vs FSELX | |
| GMO U.S. Treasury Fund | 0.24 | 0.11 | 0.08 | 99 | Government Bonds | FIKPX vs GUSTX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.18 | 0.13 | 59 | Large Cap Blend Equities | FIKPX vs FNILX | |
| Fidelity 500 Index Fund | 0.26 | 0.17 | 0.12 | 64 | S&P 500 | FIKPX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.27 | 0.18 | 0.13 | 63 | Large Cap Blend Equities | FIKPX vs FSKAX |
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