Looking to diversify beyond FJAMX? The mutual funds below have the lowest correlation with FJAMX — 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 FJAMX.
Best Diversifiers for FJAMX
0 mutual funds have low correlation with FJAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.69 | 0.73 | 92 | Semiconductors, Technology Equities | FJAMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.78 | 0.83 | 61 | Large Cap Growth Equities | FJAMX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.86 | 0.83 | 84 | Target Retirement Date | FJAMX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.88 | 0.88 | 0.87 | 70 | Target Retirement Date | FJAMX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.88 | 0.87 | 0.85 | 85 | Target Retirement Date | FJAMX vs FRAMX |
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