Looking to diversify beyond FJAPX? The mutual funds below have the lowest correlation with FJAPX — 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 FJAPX.
Best Diversifiers for FJAPX
0 mutual funds have low correlation with FJAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 96 | Semiconductors, Technology Equities | FJAPX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.73 | 0.69 | 0.74 | 73 | Large Cap Growth Equities | FJAPX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.83 | 0.83 | 0.85 | 81 | Target Retirement Date | FJAPX vs DRILX | |
| Fidelity ZERO Large Cap Index Fund | 0.83 | 0.79 | 0.80 | 63 | Large Cap Blend Equities | FJAPX vs FNILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.84 | 0.82 | 0.84 | 80 | Target Retirement Date | FJAPX vs DRIKX |
See all 49 diversifiers for FJAPX
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