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
11 mutual funds have low correlation with FZOMX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.01, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.01 | -0.03 | 0.33 | 68 | Short-Term Bond | FZOMX vs DFCFX | |
| Fidelity Select Semiconductors Portfolio | 0.05 | -0.01 | 0.02 | 96 | Semiconductors, Technology Equities | FZOMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.04 | 0.06 | 73 | Large Cap Growth Equities | FZOMX vs FBGRX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.18 | 0.20 | 79 | Short-Term Bond | FZOMX vs LCCMX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.11 | 0.10 | 63 | Large Cap Blend Equities | FZOMX vs FNILX |
See all 26 diversifiers for FZOMX
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