Looking to diversify beyond FOMCX? The mutual funds below have the lowest correlation with FOMCX — 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 FOMCX.
Best Diversifiers for FOMCX
8 mutual funds have low correlation with FOMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.09 | 0.11 | 97 | Semiconductors, Technology Equities | FOMCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.15 | 0.15 | 75 | Large Cap Growth Equities | FOMCX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.16 | -0.25 | -0.29 | 99 | Total Bond Market | FOMCX vs JSOSX | |
| Fidelity 500 Index Fund | 0.25 | 0.22 | 0.19 | 73 | S&P 500 | FOMCX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.23 | 0.20 | 71 | Large Cap Blend Equities | FOMCX vs FNILX |
See all 17 diversifiers for FOMCX
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