Looking to diversify beyond FZICX? The mutual funds below have the lowest correlation with FZICX — 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 FZICX.
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 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.05 | 0.06 | 96 | Semiconductors, Technology Equities | FZICX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.09 | 0.09 | 68 | Large Cap Growth Equities | FZICX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.28 | 0.39 | 99 | Municipal Bonds | FZICX vs DFSMX | |
| Fidelity Total Market Index Fund | 0.18 | 0.14 | 0.11 | 64 | Large Cap Blend Equities | FZICX vs FSKAX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.14 | 0.11 | 62 | Large Cap Blend Equities | FZICX vs FNILX |
See all 26 diversifiers for FZICX
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