Looking to diversify beyond FNBGX? The mutual funds below have the lowest correlation with FNBGX — 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 FNBGX.
Best Diversifiers for FNBGX
14 mutual funds have low correlation with FNBGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.05 | 0.02 | 89 | Semiconductors, Technology Equities | FNBGX vs FSELX | |
| GMO U.S. Treasury Fund | 0.07 | 0.04 | 0.03 | 99 | Government Bonds | FNBGX vs GUSTX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.10 | 0.05 | 52 | Large Cap Growth Equities | FNBGX vs FBGRX | |
| Centre American Select Equity Fund | 0.19 | 0.18 | 0.03 | 85 | Large Cap Blend Equities | FNBGX vs DHAMX | |
| Federated Hermes Adjustable Rate Fund | 0.22 | 0.46 | 0.44 | 99 | Government Bonds | FNBGX vs FEUGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNBGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNBGX and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.27, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.27 | -0.11 | -0.15 | 64 | Energy | |
| NVIDIA Corporation | -0.03 | 0.00 | 0.01 | 70 | Technology | |
| Kinder Morgan, Inc. | -0.02 | 0.11 | 0.01 | 76 | Energy | |
| CrowdStrike Holdings, Inc. | 0.05 | 0.03 | 0.04 | 83 | Technology | |
| McKesson Corporation | 0.06 | 0.03 | -0.01 | 58 | Healthcare |
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Build a portfolio that complements FNBGX
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Analyze a portfolio with FNBGX