Looking to diversify beyond FKISX? The mutual funds below have the lowest correlation with FKISX — 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 FKISX.
Best Diversifiers for FKISX
13 mutual funds have low correlation with FKISX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FKISX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.18 | 0.11 | 0.11 | 73 | Large Cap Growth Equities | FKISX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.37 | 99 | Municipal Bonds | FKISX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.16 | 0.13 | 63 | Large Cap Blend Equities | FKISX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.15 | 0.13 | 66 | S&P 500 | FKISX vs FXAIX |
See all 25 diversifiers for FKISX
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