Looking to diversify beyond FITIX? The mutual funds below have the lowest correlation with FITIX — 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 FITIX.
Best Diversifiers for FITIX
0 mutual funds have low correlation with FITIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.67, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.67 | 0.71 | 96 | Semiconductors, Technology Equities | FITIX vs FSELX | |
| 13D Activist Fund | 0.69 | 0.79 | 0.85 | 68 | Mid Cap Blend Equities | FITIX vs DDDIX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.69 | 0.77 | 73 | Large Cap Growth Equities | FITIX vs FBGRX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.71 | 0.75 | 0.84 | 80 | Mid Cap Blend Equities | FITIX vs VNVYX | |
| Fidelity Total International Index Fund | 0.73 | 0.71 | 0.75 | 62 | Foreign Large Cap Equities | FITIX vs FTIHX |
See all 28 diversifiers for FITIX
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Diversification Analysis
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