Looking to diversify beyond FJAVX? The mutual funds below have the lowest correlation with FJAVX — 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 FJAVX.
Best Diversifiers for FJAVX
0 mutual funds have low correlation with FJAVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.54 | 0.59 | 97 | Semiconductors, Technology Equities | FJAVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.66 | 0.63 | 0.68 | 75 | Large Cap Growth Equities | FJAVX vs FBGRX | |
| Fidelity 500 Index Fund | 0.76 | 0.71 | 0.73 | 73 | S&P 500 | FJAVX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.77 | 0.72 | 0.73 | 71 | Large Cap Blend Equities | FJAVX vs FNILX | |
| Fidelity Total Market Index Fund | 0.77 | 0.73 | 0.74 | 71 | Large Cap Blend Equities | FJAVX vs FSKAX |
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