Looking to diversify beyond FUAMX? The mutual funds below have the lowest correlation with FUAMX — 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 FUAMX.
Best Diversifiers for FUAMX
21 mutual funds have low correlation with FUAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.03 | 0.02 | 97 | Semiconductors, Technology Equities | FUAMX vs FSELX | |
| DFA One Year Fixed Income Portfolio | 0.08 | 0.03 | 0.30 | 99 | Ultrashort Bond | FUAMX vs DFIHX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.09 | 0.05 | 75 | Large Cap Growth Equities | FUAMX vs FBGRX | |
| Fidelity Blue Chip Growth Fund Class K | 0.12 | 0.09 | 0.05 | 76 | Large Cap Growth Equities | FUAMX vs FBGKX | |
| Fidelity Blue Chip Growth K6 Fund | 0.12 | 0.10 | 0.05 | 71 | Large Cap Growth Equities | FUAMX vs FBCGX |
See all 39 diversifiers for FUAMX
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