Looking to diversify beyond FJPTX? The mutual funds below have historically moved differently from FJPTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FJPTX
0 mutual funds have low correlation with FJPTX (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 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.55 | 0.59 | 80 | Semiconductors, Technology Equities | FJPTX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.68 | 0.64 | 0.66 | 59 | Large Cap Blend Equities | FJPTX vs FNILX | |
| Fidelity 500 Index Fund | 0.68 | 0.64 | 0.65 | 64 | S&P 500 | FJPTX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.69 | 0.65 | 0.66 | 64 | Large Cap Blend Equities | FJPTX vs FZROX | |
| Fidelity Total Market Index Fund | 0.69 | 0.65 | 0.66 | 63 | Large Cap Blend Equities | FJPTX vs FSKAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FJPTX
Add FJPTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FJPTX