Looking to diversify beyond FUTBX? The mutual funds below have historically moved differently from FUTBX, 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 FUTBX
6 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 0.06, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.02 | 0.02 | 80 | Semiconductors, Technology Equities | FUTBX vs FSELX | |
| GMO U.S. Treasury Fund | 0.23 | 0.11 | 0.09 | 99 | Government Bonds | FUTBX vs GUSTX | |
| Fidelity ZERO Large Cap Index Fund | 0.24 | 0.17 | 0.10 | 59 | Large Cap Blend Equities | FUTBX vs FNILX | |
| Fidelity 500 Index Fund | 0.24 | 0.17 | 0.10 | 64 | S&P 500 | FUTBX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.24 | 0.18 | 0.10 | 64 | Large Cap Blend Equities | FUTBX vs FZROX |
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