Looking to diversify beyond FWRLX? The mutual funds below have the lowest correlation with FWRLX — 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 FWRLX.
Best Diversifiers for FWRLX
0 mutual funds have low correlation with FWRLX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Media Mogul Fund (MOGLX) (Communications Equities) with a 1Y correlation of 0.41, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.41 | 0.58 | 0.69 | 51 | Communications Equities | FWRLX vs MOGLX | |
| Fidelity Blue Chip Growth Fund | 0.58 | 0.67 | 0.79 | 73 | Large Cap Growth Equities | FWRLX vs FBGRX | |
| Gabelli Global Content & Connectivity Fund | 0.58 | 0.71 | 0.78 | 72 | Communications Equities | FWRLX vs GABTX | |
| Fidelity OTC Portfolio | 0.59 | 0.67 | 0.79 | 92 | Large Cap Growth Equities | FWRLX vs FOCPX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.63 | 0.72 | 96 | Semiconductors, Technology Equities | FWRLX vs FSELX |
See all 12 diversifiers for FWRLX
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