Looking to diversify beyond FMGAX? The mutual funds below have the lowest correlation with FMGAX — 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 FMGAX.
Best Diversifiers for FMGAX
7 mutual funds have low correlation with FMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.09 | 0.10 | 97 | Semiconductors, Technology Equities | FMGAX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.27 | -0.30 | 99 | Total Bond Market | FMGAX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.14 | 0.15 | 75 | Large Cap Growth Equities | FMGAX vs FBGRX | |
| Fidelity 500 Index Fund | 0.23 | 0.22 | 0.19 | 73 | S&P 500 | FMGAX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.24 | 0.24 | 0.20 | 72 | Large Cap Blend Equities | FMGAX vs FZROX |
See all 18 diversifiers for FMGAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FMGAX
Add FMGAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMGAX