Looking to diversify beyond FMCCX? The mutual funds below have the lowest correlation with FMCCX — 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 FMCCX.
Best Diversifiers for FMCCX
0 mutual funds have low correlation with FMCCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.62, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.62 | 0.65 | 0.74 | 61 | Large Cap Growth Equities | FMCCX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.60 | 0.67 | 92 | Semiconductors, Technology Equities | FMCCX vs FSELX | |
| 13D Activist Fund | 0.71 | 0.81 | 0.87 | 80 | Mid Cap Blend Equities | FMCCX vs DDDIX | |
| Fidelity Total International Index Fund | 0.73 | 0.71 | 0.75 | 56 | Foreign Large Cap Equities | FMCCX vs FTIHX | |
| Gabelli Value 25 Fund | 0.73 | 0.81 | 0.87 | 71 | Mid Cap Blend Equities | FMCCX vs GABVX |
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