Looking to diversify beyond FMIMX? The mutual funds below have the lowest correlation with FMIMX — 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 FMIMX.
Best Diversifiers for FMIMX
0 mutual funds have low correlation with FMIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Technology Portfolio (FSPTX) (Technology Equities) with a 1Y correlation of 0.34, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Technology Portfolio | 0.34 | 0.47 | 0.58 | 89 | Technology Equities | FMIMX vs FSPTX | |
| Fidelity U.S. Sustainability Index Fund | 0.58 | 0.66 | 0.74 | 54 | Large Cap Blend Equities, ESG | FMIMX vs FITLX | |
| Gotham Enhanced Return Fund | 0.59 | 0.70 | 0.77 | 74 | Mid Cap Blend Equities | FMIMX vs GENIX | |
| Schwab S&P 500 Index Fund | 0.60 | 0.69 | 0.76 | 66 | Large Cap Blend Equities, S&P 500 | FMIMX vs SWPPX | |
| Fidelity 500 Index Fund | 0.60 | 0.69 | 0.77 | 66 | S&P 500 | FMIMX vs FXAIX |
See all 23 diversifiers for FMIMX
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