Looking to diversify beyond FOPTX? The mutual funds below have the lowest correlation with FOPTX — 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 FOPTX.
Best Diversifiers for FOPTX
0 mutual funds have low correlation with FOPTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.53, 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 | 0.53 | 0.51 | 0.59 | 97 | Semiconductors, Technology Equities | FOPTX vs FSELX | |
| Kopernik Global All-Cap Fund | 0.56 | 0.51 | 0.56 | 80 | Foreign Small & Mid Cap Equities | FOPTX vs KGGIX | |
| Kopernik Global All-Cap Fund Class A | 0.57 | 0.51 | 0.57 | 80 | Foreign Small & Mid Cap Equities | FOPTX vs KGGAX | |
| Fidelity Blue Chip Growth Fund | 0.60 | 0.57 | 0.64 | 75 | Large Cap Growth Equities | FOPTX vs FBGRX | |
| Hood River International Opportunity Fund | 0.64 | 0.67 | — | 95 | Foreign Small & Mid Cap Equities | FOPTX vs HRIOX |
See all 16 diversifiers for FOPTX
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