Looking to diversify beyond FJRLX? The mutual funds below have the lowest correlation with FJRLX — 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 FJRLX.
Best Diversifiers for FJRLX
4 mutual funds have low correlation with FJRLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.14, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.05 | 0.06 | 96 | Semiconductors, Technology Equities | FJRLX vs FSELX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.16 | 0.17 | 92 | Bank Loan | FJRLX vs FFRHX | |
| Fidelity Blue Chip Growth Fund | 0.22 | 0.11 | 0.11 | 73 | Large Cap Growth Equities | FJRLX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.22 | -0.15 | -0.23 | 99 | Total Bond Market | FJRLX vs JSOSX | |
| Fidelity ZERO Large Cap Index Fund | 0.32 | 0.18 | 0.15 | 63 | Large Cap Blend Equities | FJRLX vs FNILX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FJRLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FJRLX and solid risk/return profiles. The least correlated is F.N.B. Corporation (FNB) (Financial Services) with a 1Y correlation of 0.19, up from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F.N.B. Corporation | 0.19 | 0.10 | 0.01 | 78 | Financial Services |
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