Looking to diversify beyond FTAFX? The mutual funds below have the lowest correlation with FTAFX — 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 FTAFX.
Best Diversifiers for FTAFX
0 mutual funds have low correlation with FTAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.49 | 0.51 | 97 | Semiconductors, Technology Equities | FTAFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.56 | 0.57 | 75 | Large Cap Growth Equities | FTAFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.65 | 0.63 | 71 | Large Cap Blend Equities | FTAFX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.64 | 0.62 | 73 | S&P 500 | FTAFX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.72 | 0.66 | 0.64 | 72 | Large Cap Blend Equities | FTAFX vs FZROX |
See all 62 diversifiers for FTAFX
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