Looking to diversify beyond FIPEX? The mutual funds below have the lowest correlation with FIPEX — 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 FIPEX.
Best Diversifiers for FIPEX
8 mutual funds have low correlation with FIPEX (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 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.06 | 0.09 | 97 | Semiconductors, Technology Equities | FIPEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.13 | 0.13 | 75 | Large Cap Growth Equities | FIPEX vs FBGRX | |
| SEI Multi-Asset Real Return Fund Class A | 0.13 | 0.27 | 0.31 | 81 | Inflation-Protected Bonds | FIPEX vs SEIAX | |
| Fidelity Total Market Index Fund | 0.18 | 0.19 | 0.16 | 71 | Large Cap Blend Equities | FIPEX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.18 | 0.19 | 0.16 | 72 | Large Cap Blend Equities | FIPEX vs FZROX |
See all 21 diversifiers for FIPEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIPEX
Add FIPEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIPEX