Looking to diversify beyond FNKLX? The mutual funds below have the lowest correlation with FNKLX — 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 FNKLX.
Best Diversifiers for FNKLX
0 mutual funds have low correlation with FNKLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.36, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.36 | 0.33 | 0.45 | 96 | Semiconductors, Technology Equities | FNKLX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.44 | 0.40 | 0.54 | 68 | Large Cap Growth Equities | FNKLX vs FBGRX | |
| Federated Hermes Strategic Value Dividend Fund | 0.52 | 0.65 | 0.76 | 80 | Large Cap Value Equities | FNKLX vs SVAIX | |
| Rational Equity Armor Fund | 0.53 | 0.51 | 0.65 | 56 | Large Cap Value Equities | FNKLX vs HDCTX | |
| Fidelity Total International Index Fund | 0.68 | 0.62 | 0.69 | 66 | Foreign Large Cap Equities | FNKLX vs FTIHX |
See all 36 diversifiers for FNKLX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FNKLX
Add FNKLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNKLX