Looking to diversify beyond FNARX? The mutual funds below have the lowest correlation with FNARX — 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 FNARX.
Best Diversifiers for FNARX
20 mutual funds have low correlation with FNARX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity New Markets Income Fund (FNMIX) (Emerging Markets Bonds) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity New Markets Income Fund | -0.03 | 0.11 | 0.12 | 94 | Emerging Markets Bonds | FNARX vs FNMIX | |
| Fidelity Floating Rate High Income Fund | 0.03 | 0.17 | 0.27 | 92 | Bank Loan | FNARX vs FFRHX | |
| Fidelity Blue Chip Growth Fund | 0.06 | 0.21 | 0.32 | 73 | Large Cap Growth Equities | FNARX vs FBGRX | |
| Fidelity Select Biotechnology Portfolio | 0.08 | 0.20 | 0.24 | 85 | Health & Biotech Equities | FNARX vs FBIOX | |
| Fidelity OTC Portfolio | 0.08 | 0.21 | 0.31 | 92 | Large Cap Growth Equities | FNARX vs FOCPX |
See all 47 diversifiers for FNARX
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