Looking to diversify beyond FLAPX? The mutual funds below have the lowest correlation with FLAPX — 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 FLAPX.
Best Diversifiers for FLAPX
3 mutual funds have low correlation with FLAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) (Municipal Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex Conservative Income Municipal Bond F... | 0.05 | 0.07 | 0.04 | 98 | Municipal Bonds | FLAPX vs FUEMX | |
| Fidelity Flex Conservative Income Bond Fund | 0.08 | 0.09 | 0.06 | 99 | Total Bond Market | FLAPX vs FJTDX | |
| Fidelity Flex Municipal Income Fund | 0.19 | 0.16 | 0.13 | 73 | Municipal Bonds | FLAPX vs FUENX | |
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.61 | 0.69 | 97 | Semiconductors, Technology Equities | FLAPX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.66 | 0.77 | 75 | Large Cap Growth Equities | FLAPX vs FBGRX |
See all 32 diversifiers for FLAPX
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