Looking to diversify beyond FVDFX? The mutual funds below have the lowest correlation with FVDFX — 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 FVDFX.
Best Diversifiers for FVDFX
0 mutual funds have low correlation with FVDFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.37, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.37 | 0.33 | 0.45 | 97 | Semiconductors, Technology Equities | FVDFX vs FSELX | |
| Voya Corporate Leaders Trust Fund | 0.41 | 0.65 | 0.74 | 53 | Large Cap Value Equities | FVDFX vs LEXCX | |
| Fidelity Blue Chip Growth K6 Fund | 0.42 | 0.39 | 0.53 | 71 | Large Cap Growth Equities | FVDFX vs FBCGX | |
| Fidelity Blue Chip Growth Fund | 0.44 | 0.40 | 0.53 | 75 | Large Cap Growth Equities | FVDFX vs FBGRX | |
| Federated Hermes Strategic Value Dividend Fund | 0.53 | 0.66 | 0.77 | 70 | Large Cap Value Equities | FVDFX vs SVAIX |
See all 37 diversifiers for FVDFX
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