Looking to diversify beyond FOPCX? The mutual funds below have the lowest correlation with FOPCX — 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 FOPCX.
Best Diversifiers for FOPCX
0 mutual funds have low correlation with FOPCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.55, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.52 | 0.59 | 96 | Semiconductors, Technology Equities | FOPCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.57 | 0.64 | 73 | Large Cap Growth Equities | FOPCX vs FBGRX | |
| Hood River International Opportunity Fund Investor... | 0.66 | — | — | 95 | Foreign Small & Mid Cap Equities | FOPCX vs HRIIX | |
| Hood River International Opportunity Fund | 0.66 | 0.67 | — | 95 | Foreign Small & Mid Cap Equities | FOPCX vs HRIOX | |
| Fidelity ZERO Large Cap Index Fund | 0.70 | 0.64 | 0.69 | 63 | Large Cap Blend Equities | FOPCX vs FNILX |
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