Looking to diversify beyond FNKFX? The mutual funds below have the lowest correlation with FNKFX — 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 FNKFX.
Best Diversifiers for FNKFX
0 mutual funds have low correlation with FNKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 97 | Semiconductors, Technology Equities | FNKFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.65 | 0.63 | 0.70 | 75 | Large Cap Growth Equities | FNKFX vs FBGRX | |
| Fidelity Total International Index Fund | 0.70 | 0.70 | 0.75 | 58 | Foreign Large Cap Equities | FNKFX vs FTIHX | |
| 13D Activist Fund | 0.73 | 0.82 | 0.86 | 61 | Mid Cap Blend Equities | FNKFX vs DDDIX | |
| Gabelli Value 25 Fund | 0.76 | 0.81 | 0.86 | 60 | Mid Cap Blend Equities | FNKFX vs GABVX |
See all 20 diversifiers for FNKFX
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