Looking to diversify beyond FZAMX? The mutual funds below have the lowest correlation with FZAMX — 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 FZAMX.
Best Diversifiers for FZAMX
0 mutual funds have low correlation with FZAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.68, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.67 | 0.71 | 96 | Semiconductors, Technology Equities | FZAMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.69 | 0.77 | 73 | Large Cap Growth Equities | FZAMX vs FBGRX | |
| 13D Activist Fund | 0.69 | 0.79 | 0.85 | 68 | Mid Cap Blend Equities | FZAMX vs DDDIX | |
| Fidelity Advisor New Insights Fund Class Z | 0.71 | 0.72 | 0.80 | 62 | Large Cap Growth Equities | FZAMX vs FZANX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.71 | 0.75 | 0.84 | 80 | Mid Cap Blend Equities | FZAMX vs VNVYX |
See all 63 diversifiers for FZAMX
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