Looking to diversify beyond FIKRX? The mutual funds below have the lowest correlation with FIKRX — 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 FIKRX.
Best Diversifiers for FIKRX
7 mutual funds have low correlation with FIKRX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.11, 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 | 0.11 | 0.04 | 0.06 | 97 | Semiconductors, Technology Equities | FIKRX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.18 | 0.11 | 0.11 | 75 | Large Cap Growth Equities | FIKRX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.18 | -0.23 | 99 | Total Bond Market | FIKRX vs JSOSX | |
| Fidelity 500 Index Fund | 0.26 | 0.16 | 0.14 | 73 | S&P 500 | FIKRX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.17 | 0.15 | 71 | Large Cap Blend Equities | FIKRX vs FNILX |
See all 19 diversifiers for FIKRX
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