Looking to diversify beyond FUGLX? The mutual funds below have the lowest correlation with FUGLX — 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 FUGLX.
Best Diversifiers for FUGLX
0 mutual funds have low correlation with FUGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.59, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.55 | 0.59 | 96 | Semiconductors, Technology Equities | FUGLX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.68 | 0.63 | 0.67 | 73 | Large Cap Growth Equities | FUGLX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.78 | 0.71 | 0.73 | 63 | Large Cap Blend Equities | FUGLX vs FNILX | |
| Fidelity 500 Index Fund | 0.78 | 0.71 | 0.73 | 66 | S&P 500 | FUGLX vs FXAIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.79 | 0.76 | 0.78 | 81 | Target Retirement Date | FUGLX vs DRILX |
See all 52 diversifiers for FUGLX
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