Looking to diversify beyond FUMBX? The mutual funds below have the lowest correlation with FUMBX — 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 FUMBX.
Best Diversifiers for FUMBX
17 mutual funds have low correlation with FUMBX (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 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | -0.01 | 0.01 | 97 | Semiconductors, Technology Equities | FUMBX vs FSELX | |
| Fidelity Floating Rate High Income Fund | 0.09 | 0.08 | 0.07 | 92 | High Yield Bonds | FUMBX vs FFRHX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.05 | 0.05 | 75 | Large Cap Growth Equities | FUMBX vs FBGRX | |
| PrimeCap Odyssey Growth Fund | 0.15 | 0.09 | 0.06 | 93 | Large Cap Growth Equities | FUMBX vs POGRX | |
| Fidelity Equity-Income Fund | 0.17 | 0.09 | 0.06 | 70 | Large Cap Value Equities | FUMBX vs FEQIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUMBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUMBX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | -0.05 | -0.02 | 78 | Technology | |
| Amazon.com, Inc | 0.05 | 0.03 | 0.07 | 60 | Consumer Cyclical | |
| Apple Inc | 0.08 | 0.07 | 0.05 | 89 | Technology | |
| AbbVie Inc. | 0.13 | 0.06 | 0.06 | 62 | Healthcare |
Build a portfolio that complements FUMBX
Add FUMBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FUMBX