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 0.37, 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 | 0.37 | 0.33 | 0.45 | 97 | Semiconductors, Technology Equities | FNKLX vs FSELX | |
| Voya Corporate Leaders Trust Fund | 0.43 | 0.65 | 0.74 | 53 | Large Cap Value Equities | FNKLX vs LEXCX | |
| Fidelity Blue Chip Growth Fund | 0.43 | 0.40 | 0.53 | 75 | Large Cap Growth Equities | FNKLX vs FBGRX | |
| Rational Equity Armor Fund | 0.53 | 0.51 | 0.66 | 57 | Large Cap Value Equities | FNKLX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.54 | 0.67 | 0.77 | 70 | Large Cap Value Equities | FNKLX vs SVAIX |
See all 34 diversifiers for FNKLX
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