Looking to diversify beyond FMIFX? The mutual funds below have the lowest correlation with FMIFX — 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 FMIFX.
Best Diversifiers for FMIFX
0 mutual funds have low correlation with FMIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.41, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.41 | 0.47 | 0.56 | 97 | Semiconductors, Technology Equities | FMIFX vs FSELX | |
| Kopernik International Fund | 0.48 | 0.43 | 0.55 | 81 | Foreign Large Cap Equities | FMIFX vs KGIIX | |
| Fidelity Blue Chip Growth Fund | 0.50 | 0.54 | 0.62 | 75 | Large Cap Growth Equities | FMIFX vs FBGRX | |
| EuroPac International Dividend Income Fund | 0.52 | 0.61 | 0.67 | 87 | Foreign Large Cap Equities | FMIFX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.52 | 0.62 | 0.67 | 87 | Foreign Large Cap Equities, Dividend | FMIFX vs EPDPX |
See all 25 diversifiers for FMIFX
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Diversification Analysis
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