Looking to diversify beyond FMCEX? The mutual funds below have the lowest correlation with FMCEX — 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 FMCEX.
Best Diversifiers for FMCEX
0 mutual funds have low correlation with FMCEX (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 | FMCEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.64 | 0.74 | 68 | Large Cap Growth Equities | FMCEX vs FBGRX | |
| Fidelity Total International Index Fund | 0.71 | 0.71 | 0.75 | 66 | Foreign Large Cap Equities | FMCEX vs FTIHX | |
| 13D Activist Fund | 0.73 | 0.82 | 0.87 | 69 | Mid Cap Blend Equities | FMCEX vs DDDIX | |
| Gabelli Value 25 Fund | 0.76 | 0.82 | 0.87 | 63 | Mid Cap Blend Equities | FMCEX vs GABVX |
See all 26 diversifiers for FMCEX
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