Looking to diversify beyond FIWAX? The mutual funds below have the lowest correlation with FIWAX — 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 FIWAX.
Best Diversifiers for FIWAX
14 mutual funds have low correlation with FIWAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.02, 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 | 0.02 | 0.05 | 0.06 | 97 | Semiconductors, Technology Equities | FIWAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.08 | 0.11 | 0.10 | 75 | Large Cap Growth Equities | FIWAX vs FBGRX | |
| Fidelity 500 Index Fund | 0.11 | 0.15 | 0.12 | 73 | S&P 500 | FIWAX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.11 | 0.16 | 0.12 | 72 | Large Cap Blend Equities | FIWAX vs FZROX | |
| Fidelity ZERO Large Cap Index Fund | 0.11 | 0.16 | 0.12 | 71 | Large Cap Blend Equities | FIWAX vs FNILX |
See all 22 diversifiers for FIWAX
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