Looking to diversify beyond FIWGX? The mutual funds below have the lowest correlation with FIWGX — 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 FIWGX.
Best Diversifiers for FIWGX
10 mutual funds have low correlation with FIWGX (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 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.08 | 0.09 | 96 | Semiconductors, Technology Equities | FIWGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.18 | 0.15 | 0.13 | 73 | Large Cap Growth Equities | FIWGX vs FBGRX | |
| Strategic Advisers Fidelity Emerging Markets Fund | 0.24 | 0.17 | 0.13 | 94 | Emerging Markets Diversified | FIWGX vs FGOMX | |
| Fidelity Flex Conservative Income Bond Fund | 0.25 | 0.28 | 0.29 | 99 | Total Bond Market | FIWGX vs FJTDX | |
| Fidelity 500 Index Fund | 0.26 | 0.21 | 0.16 | 66 | S&P 500 | FIWGX vs FXAIX |
See all 25 diversifiers for FIWGX
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