Looking to diversify beyond FZAOX? The mutual funds below have the lowest correlation with FZAOX — 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 FZAOX.
Best Diversifiers for FZAOX
0 mutual funds have low correlation with FZAOX (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 0.60, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.60 | 0.63 | 0.75 | 75 | Large Cap Growth Equities | FZAOX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.60 | 0.69 | 97 | Semiconductors, Technology Equities | FZAOX vs FSELX | |
| Fidelity Total International Index Fund | 0.68 | 0.68 | 0.73 | 58 | Foreign Large Cap Equities | FZAOX vs FTIHX | |
| Auer Growth Fund | 0.72 | 0.78 | 0.80 | 90 | Small Cap Blend Equities | FZAOX vs AUERX | |
| Fidelity ZERO Large Cap Index Fund | 0.75 | 0.76 | 0.83 | 71 | Large Cap Blend Equities | FZAOX vs FNILX |
See all 28 diversifiers for FZAOX
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