Looking to diversify beyond FUEMX? The mutual funds below have historically moved differently from FUEMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FUEMX
27 mutual funds have low correlation with FUEMX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.04 | -0.02 | -0.01 | 80 | Semiconductors, Technology Equities | FUEMX vs FSELX | |
| DFA California Municipal Real Return Portfolio | 0.01 | 0.15 | 0.17 | 89 | Municipal Bonds | FUEMX vs DCARX | |
| Fidelity Flex Small Cap Index Fund | 0.03 | 0.06 | 0.04 | 68 | Small Cap Blend Equities | FUEMX vs FLXSX | |
| Fidelity Flex Mid Cap Index Fund | 0.05 | 0.07 | 0.04 | 68 | Mid Cap Blend Equities | FUEMX vs FLAPX | |
| DFA California Short Term Municipal Bond Portfolio | 0.06 | 0.21 | 0.27 | 99 | Municipal Bonds | FUEMX vs DFCMX |
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