Looking to diversify beyond FZIAX? The mutual funds below have the lowest correlation with FZIAX — 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 FZIAX.
Best Diversifiers for FZIAX
16 mutual funds have low correlation with FZIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.07 | 0.07 | 97 | Semiconductors, Technology Equities | FZIAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.11 | 0.09 | 75 | Large Cap Growth Equities | FZIAX vs FBGRX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.32 | 0.42 | 99 | Municipal Bonds | FZIAX vs DNYMX | |
| Fidelity 500 Index Fund | 0.18 | 0.16 | 0.12 | 73 | S&P 500 | FZIAX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.18 | 0.17 | 0.12 | 71 | Large Cap Blend Equities | FZIAX vs FSKAX |
See all 23 diversifiers for FZIAX
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