Looking to diversify beyond FNYCX? The mutual funds below have the lowest correlation with FNYCX — 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 FNYCX.
Best Diversifiers for FNYCX
16 mutual funds have low correlation with FNYCX (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 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.07 | 97 | Semiconductors, Technology Equities | FNYCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.10 | 0.10 | 75 | Large Cap Growth Equities | FNYCX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.15 | 0.14 | 0.12 | 71 | Large Cap Blend Equities | FNYCX vs FNILX | |
| Fidelity 500 Index Fund | 0.15 | 0.14 | 0.12 | 73 | S&P 500 | FNYCX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.15 | 0.15 | 0.12 | 72 | Large Cap Blend Equities | FNYCX vs FZROX |
See all 23 diversifiers for FNYCX
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