Looking to diversify beyond FVLZX? The mutual funds below have the lowest correlation with FVLZX — 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 FVLZX.
Best Diversifiers for FVLZX
0 mutual funds have low correlation with FVLZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.49, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.49 | 0.54 | 0.66 | 75 | Large Cap Growth Equities | FVLZX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.51 | 0.60 | 97 | Semiconductors, Technology Equities | FVLZX vs FSELX | |
| Fidelity Total International Index Fund | 0.69 | 0.71 | 0.75 | 59 | Foreign Large Cap Equities | FVLZX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.70 | 0.72 | 0.79 | 71 | Large Cap Blend Equities | FVLZX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.73 | 0.79 | 75 | S&P 500 | FVLZX vs FXAIX |
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