Looking to diversify beyond FUEMX? The mutual funds below have the lowest correlation with FUEMX — 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 FUEMX.
Best Diversifiers for FUEMX
22 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 -0.05, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.05 | -0.00 | 0.00 | 97 | Semiconductors, Technology Equities | FUEMX vs FSELX | |
| DFA California Municipal Real Return Portfolio | 0.01 | 0.16 | 0.17 | 96 | Municipal Bonds | FUEMX vs DCARX | |
| DFA California Short Term Municipal Bond Portfolio | 0.03 | 0.21 | 0.28 | 99 | Municipal Bonds | FUEMX vs DFCMX | |
| Fidelity Flex Small Cap Index Fund | 0.04 | 0.05 | 0.04 | 54 | Small Cap Blend Equities | FUEMX vs FLXSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.04 | 0.22 | 0.26 | 99 | Municipal Bonds | FUEMX vs USMSX |
See all 36 diversifiers for FUEMX
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