Looking to diversify beyond FYBTX? The mutual funds below have the lowest correlation with FYBTX — 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 FYBTX.
Best Diversifiers for FYBTX
8 mutual funds have low correlation with FYBTX (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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | -0.01 | 0.02 | 96 | Semiconductors, Technology Equities | FYBTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.07 | 0.07 | 73 | Large Cap Growth Equities | FYBTX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.15 | 0.11 | 63 | Large Cap Blend Equities | FYBTX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.13 | 0.11 | 66 | S&P 500 | FYBTX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.22 | 0.14 | 0.11 | 65 | Large Cap Blend Equities | FYBTX vs FSKAX |
See all 20 diversifiers for FYBTX
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