Looking to diversify beyond FKMCX? The mutual funds below have the lowest correlation with FKMCX — 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 FKMCX.
Best Diversifiers for FKMCX
1 mutual funds have low correlation with FKMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.21, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.21 | 0.28 | 0.34 | 93 | High Yield Bonds | FKMCX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 97 | Semiconductors, Technology Equities | FKMCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.66 | 0.64 | 0.70 | 75 | Large Cap Growth Equities | FKMCX vs FBGRX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.69 | 0.70 | 0.76 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | FKMCX vs MISIX | |
| Fidelity Total International Index Fund | 0.69 | 0.70 | 0.75 | 59 | Foreign Large Cap Equities | FKMCX vs FTIHX |
See all 24 diversifiers for FKMCX
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