Looking to diversify beyond FPJAX? The mutual funds below have the lowest correlation with FPJAX — 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 FPJAX.
Best Diversifiers for FPJAX
0 mutual funds have low correlation with FPJAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.56, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.53 | 0.58 | 97 | Semiconductors, Technology Equities | FPJAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.58 | 0.57 | 0.61 | 75 | Large Cap Growth Equities | FPJAX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.65 | 0.63 | 0.66 | 71 | Large Cap Blend Equities | FPJAX vs FNILX | |
| Fidelity 500 Index Fund | 0.65 | 0.63 | 0.65 | 75 | S&P 500 | FPJAX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.66 | 0.64 | 0.66 | 72 | Large Cap Blend Equities | FPJAX vs FZROX |
See all 12 diversifiers for FPJAX
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