Looking to diversify beyond FIVOX? The mutual funds below have the lowest correlation with FIVOX — 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 FIVOX.
Best Diversifiers for FIVOX
0 mutual funds have low correlation with FIVOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.51, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.51 | 0.50 | 0.56 | 96 | Semiconductors, Technology Equities | FIVOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.58 | 0.57 | 0.62 | 73 | Large Cap Growth Equities | FIVOX vs FBGRX | |
| Kopernik International Fund | 0.60 | 0.51 | 0.63 | 54 | Foreign Large Cap Equities | FIVOX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.63 | 0.73 | 0.80 | 91 | Foreign Large Cap Equities | FIVOX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.64 | 0.70 | 0.79 | 93 | Foreign Large Cap Equities | FIVOX vs TIVFX |
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