Looking to diversify beyond FZICX? The mutual funds below have historically moved differently from FZICX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FZICX
12 mutual funds have low correlation with FZICX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FZICX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.14 | 0.12 | 59 | Large Cap Blend Equities | FZICX vs FNILX | |
| Fidelity 500 Index Fund | 0.20 | 0.14 | 0.11 | 64 | S&P 500 | FZICX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.20 | 0.15 | 0.12 | 64 | Large Cap Blend Equities | FZICX vs FZROX | |
| Fidelity Total Market Index Fund | 0.21 | 0.14 | 0.12 | 63 | Large Cap Blend Equities | FZICX vs FSKAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FZICX
Add FZICX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FZICX