Looking to diversify beyond FVIFX? The mutual funds below have the lowest correlation with FVIFX — 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 FVIFX.
Best Diversifiers for FVIFX
0 mutual funds have low correlation with FVIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.49, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.49 | 0.51 | 0.60 | 96 | Semiconductors, Technology Equities | FVIFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.50 | 0.55 | 0.66 | 68 | Large Cap Growth Equities | FVIFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.73 | 0.79 | 62 | Large Cap Blend Equities | FVIFX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.73 | 0.80 | 65 | S&P 500 | FVIFX vs FXAIX | |
| Fidelity Total International Index Fund | 0.71 | 0.72 | 0.75 | 66 | Foreign Large Cap Equities | FVIFX vs FTIHX |
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