Looking to diversify beyond FZOMX? The mutual funds below have the lowest correlation with FZOMX — 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 FZOMX.
Best Diversifiers for FZOMX
12 mutual funds have low correlation with FZOMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.04 | -0.01 | 0.02 | 92 | Semiconductors, Technology Equities | FZOMX vs FSELX | |
| DFA Two-Year Fixed Income Portfolio | 0.06 | -0.03 | 0.33 | 100 | Short-Term Bond | FZOMX vs DFCFX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.05 | 0.06 | 61 | Large Cap Growth Equities | FZOMX vs FBGRX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.18 | 0.20 | 84 | Short-Term Bond | FZOMX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.48 | 0.56 | 55 | Short-Term Bond | FZOMX vs GPARX |
See all 29 diversifiers for FZOMX
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