Looking to diversify beyond FIWEX? The mutual funds below have the lowest correlation with FIWEX — 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 FIWEX.
Best Diversifiers for FIWEX
15 mutual funds have low correlation with FIWEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.06 | 0.08 | 96 | Semiconductors, Technology Equities | FIWEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.10 | 0.11 | 73 | Large Cap Growth Equities | FIWEX vs FBGRX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.32 | 0.38 | 99 | Municipal Bonds | FIWEX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.27 | 0.36 | 99 | Municipal Bonds | FIWEX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.17 | 0.13 | 63 | Large Cap Blend Equities | FIWEX vs FNILX |
See all 26 diversifiers for FIWEX
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