Looking to diversify beyond FIKPX? The mutual funds below have the lowest correlation with FIKPX — 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 FIKPX.
Best Diversifiers for FIKPX
9 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 0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.04 | 97 | Semiconductors, Technology Equities | FIKPX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.10 | 0.08 | 75 | Large Cap Growth Equities | FIKPX vs FBGRX | |
| Fidelity 500 Index Fund | 0.20 | 0.17 | 0.11 | 73 | S&P 500 | FIKPX vs FXAIX | |
| DFA Short-Term Government Portfolio | 0.20 | 0.08 | 0.37 | 62 | Government Bonds | FIKPX vs DFFGX | |
| Fidelity Total Market Index Fund | 0.21 | 0.18 | 0.11 | 71 | Large Cap Blend Equities | FIKPX vs FSKAX |
See all 16 diversifiers for FIKPX
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