Looking to diversify beyond FMCAX? The mutual funds below have the lowest correlation with FMCAX — 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 FMCAX.
Best Diversifiers for FMCAX
0 mutual funds have low correlation with FMCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.60 | 0.67 | 96 | Semiconductors, Technology Equities | FMCAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.64 | 0.74 | 73 | Large Cap Growth Equities | FMCAX vs FBGRX | |
| Fidelity NASDAQ Composite Index Fund | 0.66 | 0.67 | 0.75 | 56 | Large Cap Growth Equities | FMCAX vs FNCMX | |
| Fidelity Total International Index Fund | 0.72 | 0.71 | 0.75 | 62 | Foreign Large Cap Equities | FMCAX vs FTIHX | |
| 13D Activist Fund | 0.72 | 0.81 | 0.87 | 68 | Mid Cap Blend Equities | FMCAX vs DDDIX |
See all 24 diversifiers for FMCAX
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