Looking to diversify beyond FOGLX? The mutual funds below have historically moved differently from FOGLX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FOGLX
0 mutual funds have low correlation with FOGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.64 | 0.68 | 80 | Semiconductors, Technology Equities | FOGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.86 | 0.89 | 0.87 | 81 | Target Retirement Date | FOGLX vs TDIFX | |
| Fidelity ZERO Large Cap Index Fund | 0.87 | 0.82 | 0.84 | 59 | Large Cap Blend Equities | FOGLX vs FNILX | |
| Fidelity 500 Index Fund | 0.87 | 0.82 | 0.83 | 64 | S&P 500 | FOGLX vs FXAIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.86 | 0.88 | 77 | Target Retirement Date | FOGLX vs DRILX |
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