Looking to diversify beyond FPCIX? The mutual funds below have the lowest correlation with FPCIX — 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 FPCIX.
Best Diversifiers for FPCIX
6 mutual funds have low correlation with FPCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.09 | 0.09 | 94 | Semiconductors, Technology Equities | FPCIX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.24 | -0.27 | 99 | Total Bond Market | FPCIX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.22 | 0.41 | 0.47 | 99 | Total Bond Market | FPCIX vs VUBFX | |
| Fidelity Blue Chip Growth Fund | 0.24 | 0.15 | 0.13 | 54 | Large Cap Growth Equities | FPCIX vs FBGRX | |
| Fidelity Flex Conservative Income Bond Fund | 0.25 | 0.28 | 0.29 | 99 | Total Bond Market | FPCIX vs FJTDX |
See all 15 diversifiers for FPCIX
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