Looking to diversify beyond FTBRX? The mutual funds below have the lowest correlation with FTBRX — 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 FTBRX.
Best Diversifiers for FTBRX
3 mutual funds have low correlation with FTBRX (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 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.05 | 0.08 | 96 | Semiconductors, Technology Equities | FTBRX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.22 | -0.14 | -0.22 | 99 | Total Bond Market | FTBRX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.13 | 0.13 | 73 | Large Cap Growth Equities | FTBRX vs FBGRX | |
| Fidelity 500 Index Fund | 0.31 | 0.18 | 0.16 | 66 | S&P 500 | FTBRX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.32 | 0.19 | 0.17 | 65 | Large Cap Blend Equities | FTBRX vs FSKAX |
See all 18 diversifiers for FTBRX
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