Looking to diversify beyond FVITX? The mutual funds below have the lowest correlation with FVITX — 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 FVITX.
Best Diversifiers for FVITX
8 mutual funds have low correlation with FVITX (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 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.03 | 97 | Semiconductors, Technology Equities | FVITX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.10 | 0.07 | 75 | Large Cap Growth Equities | FVITX vs FBGRX | |
| DFA Short-Term Government Portfolio | 0.19 | 0.09 | 0.38 | 62 | Government Bonds | FVITX vs DFFGX | |
| Fidelity 500 Index Fund | 0.21 | 0.17 | 0.10 | 73 | S&P 500 | FVITX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.21 | 0.17 | 0.10 | 71 | Large Cap Blend Equities | FVITX vs FSKAX |
See all 16 diversifiers for FVITX
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