Looking to diversify beyond FVIAX? The mutual funds below have the lowest correlation with FVIAX — 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 FVIAX.
Best Diversifiers for FVIAX
12 mutual funds have low correlation with FVIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.04 | 0.05 | 0.04 | 97 | Semiconductors, Technology Equities | FVIAX vs FSELX | |
| Fidelity Floating Rate High Income Fund | 0.08 | 0.08 | 0.08 | 92 | High Yield Bonds | FVIAX vs FFRHX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.11 | 0.07 | 75 | Large Cap Growth Equities | FVIAX vs FBGRX | |
| Invesco Nasdaq 100 Index Fund | 0.13 | 0.12 | 0.09 | 76 | Large Cap Growth Equities | FVIAX vs IVNQX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.17 | 0.16 | 0.08 | 94 | Large Cap Growth Equities | FVIAX vs VPMCX |
See all 20 diversifiers for FVIAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FVIAX
Add FVIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FVIAX