Looking to diversify beyond FUTBX? The mutual funds below have the lowest correlation with FUTBX — 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 FUTBX.
Best Diversifiers for FUTBX
9 mutual funds have low correlation with FUTBX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, 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 | 0.07 | 0.04 | 0.02 | 97 | Semiconductors, Technology Equities | FUTBX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.10 | 0.05 | 75 | Large Cap Growth Equities | FUTBX vs FBGRX | |
| Fidelity 500 Index Fund | 0.19 | 0.16 | 0.08 | 75 | S&P 500 | FUTBX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.19 | 0.17 | 0.08 | 71 | Large Cap Blend Equities | FUTBX vs FNILX | |
| DFA Short-Term Government Portfolio | 0.19 | 0.09 | 0.38 | 61 | Government Bonds | FUTBX vs DFFGX |
See all 24 diversifiers for FUTBX
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