Looking to diversify beyond FMCDX? The mutual funds below have the lowest correlation with FMCDX — 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 FMCDX.
Best Diversifiers for FMCDX
0 mutual funds have low correlation with FMCDX (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 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.59 | 0.66 | 97 | Semiconductors, Technology Equities | FMCDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.64 | 0.74 | 75 | Large Cap Growth Equities | FMCDX vs FBGRX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.67 | 0.70 | 0.76 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | FMCDX vs MISIX | |
| Fidelity Total International Index Fund | 0.69 | 0.70 | 0.75 | 59 | Foreign Large Cap Equities | FMCDX vs FTIHX | |
| 13D Activist Fund | 0.75 | 0.83 | 0.88 | 65 | Mid Cap Blend Equities | FMCDX vs DDDIX |
See all 27 diversifiers for FMCDX
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