Looking to diversify beyond FMPEX? The mutual funds below have the lowest correlation with FMPEX — 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 FMPEX.
Best Diversifiers for FMPEX
0 mutual funds have low correlation with FMPEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.48, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.48 | 0.51 | 0.59 | 74 | Large Cap Growth Equities | FMPEX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.54 | 0.62 | 96 | Semiconductors, Technology Equities | FMPEX vs FSELX | |
| Fidelity Total International Index Fund | 0.70 | 0.69 | 0.74 | 58 | Foreign Large Cap Equities | FMPEX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.72 | 0.73 | 0.80 | 69 | Large Cap Blend Equities | FMPEX vs FNILX | |
| Fidelity 500 Index Fund | 0.72 | 0.74 | 0.81 | 73 | S&P 500 | FMPEX vs FXAIX |
See all 23 diversifiers for FMPEX
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