Looking to diversify beyond FJPIX? The mutual funds below have the lowest correlation with FJPIX — 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 FJPIX.
Best Diversifiers for FJPIX
0 mutual funds have low correlation with FJPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.59, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.54 | 0.58 | 96 | Semiconductors, Technology Equities | FJPIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.59 | 0.57 | 0.62 | 73 | Large Cap Growth Equities | FJPIX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.66 | 0.63 | 0.66 | 63 | Large Cap Blend Equities | FJPIX vs FNILX | |
| Fidelity Total Market Index Fund | 0.66 | 0.64 | 0.66 | 65 | Large Cap Blend Equities | FJPIX vs FSKAX | |
| Fidelity 500 Index Fund | 0.66 | 0.63 | 0.66 | 66 | S&P 500 | FJPIX vs FXAIX |
See all 15 diversifiers for FJPIX
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