Looking to diversify beyond FIKQX? The mutual funds below have the lowest correlation with FIKQX — 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 FIKQX.
Best Diversifiers for FIKQX
7 mutual funds have low correlation with FIKQX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.06 | 0.06 | 96 | Semiconductors, Technology Equities | FIKQX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.17 | 0.12 | 0.11 | 73 | Large Cap Growth Equities | FIKQX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.23 | -0.27 | 99 | Total Bond Market | FIKQX vs JSOSX | |
| Fidelity ZERO Total Market Index Fund | 0.27 | 0.22 | 0.16 | 66 | Large Cap Blend Equities | FIKQX vs FZROX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.21 | 0.15 | 63 | Large Cap Blend Equities | FIKQX vs FNILX |
See all 19 diversifiers for FIKQX
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