Fidelity Total Correlations

Mutual Funds USA . 
Fund . Fidelity Total Market
FSKAX Fund  USD 187.57  0.33  0.18%   
The current 90-days correlation between Fidelity Total Market and Vanguard Target Retirement is 0.97 (i.e., Almost no diversification). The correlation of Fidelity Total is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity Total Correlation With Market

Almost no diversification

The correlation between Fidelity Total Market and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Total Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Total Market. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Fidelity Mutual Fund

  0.78FPTKX Fidelity Freedom 2015PairCorr
  0.91FPURX Fidelity PuritanPairCorr
  0.91FPUKX Fidelity PuritanPairCorr
  0.88FQIFX Fidelity Freedom IndexPairCorr
  0.9FQIPX Fidelity Freedom IndexPairCorr
  0.86FQITX Fidelity Salem StreetPairCorr
  0.86FQLSX Fidelity Flex FreedomPairCorr
  0.85FRBDX Fidelity Freedom 2070PairCorr
  0.85FRBEX Fidelity Freedom 2070PairCorr
  0.85FRBHX Fidelity Freedom 2070PairCorr
  0.86FRBJX Fidelity Advisor FreedomPairCorr
  0.86FRBKX Fidelity Advisor FreedomPairCorr
  0.87FRBLX Fidelity Advisor FreedomPairCorr
  0.86FRBNX Fidelity Advisor FreedomPairCorr
  0.86FRBOX Fidelity Advisor FreedomPairCorr
  0.86FRBPX Fidelity Advisor FreedomPairCorr
  0.86FRBQX Fidelity Flex FreedomPairCorr
  0.9FRBUX Fidelity Freedom IndexPairCorr
  0.9FRBVX Fidelity Freedom IndexPairCorr
  0.9FRBWX Fidelity Freedom IndexPairCorr
  0.86FRBYX Fidelity Freedom BlendPairCorr
  0.87FRBZX Fidelity Freedom BlendPairCorr
  0.92FRAGX Aggressive GrowthPairCorr
  0.81FRAMX Fidelity Income ReplPairCorr
  0.83FRASX Fidelity Income ReplPairCorr
  0.86FRCFX Fidelity Freedom BlendPairCorr
  0.87FRCHX Fidelity Freedom BlendPairCorr
  0.87FRCJX Fidelity Freedom BlendPairCorr
  0.87FRCKX Fidelity Freedom BlendPairCorr
  0.85FRCLX Fidelity Freedom BlendPairCorr
  0.86FRCNX Fidelity Freedom BlendPairCorr
  0.86FRCPX Fidelity Freedom BlendPairCorr
  0.9FRCQX Fidelity SustainablePairCorr
  0.89FRCRX Fidelity SustainablePairCorr
  0.9FRCVX Fidelity SustainablePairCorr
  0.9FRCWX Fidelity SustainablePairCorr
  0.9FRCYX Fidelity SustainablePairCorr
  0.9FRDCX Fidelity SustainablePairCorr
  0.89FRDDX Fidelity SustainablePairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VTHRX
+ 1.0
VTTHX
VFORX
+ 1.0
VTTHX
VTIVX
+ 1.0
VTTHX
VFORX
+ 1.0
VTHRX
VTIVX
+ 1.0
VTHRX
VTIVX
+ 1.0
VFORX
  

High negative correlations

AEPFX
- 0.28
JLGRX
JLGRX
- 0.2
VB
VTHRX
- 0.18
JLGRX
VTTHX
- 0.18
JLGRX
VTIVX
- 0.17
JLGRX
VFORX
- 0.17
JLGRX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Total Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Total's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VB  0.77  0.06  0.06  0.11  0.81 
(0.85)
 1.86 
(1.77)
 4.99 
VWELX  0.38 (0.02)(0.10) 0.01  0.54 
(0.38)
 0.81 
(0.92)
 2.66 
JLGRX  0.74 (0.15) 0.00 (0.16) 0.00 
 0.00 
 1.09 
(2.13)
 5.32 
VTTHX  0.38  0.02 (0.02) 0.10  0.40 
(0.39)
 0.79 
(0.77)
 2.22 
TRBCX  0.92 (0.16) 0.00 (0.17) 0.00 
 0.00 
 1.50 
(2.00)
 10.35 
FSMAX  0.83 (0.02)(0.02) 0.04  0.98 
(0.96)
 1.70 
(1.93)
 5.52 
VTHRX  0.34  0.02 (0.03) 0.10  0.34 
(0.35)
 0.73 
(0.64)
 1.92 
AEPFX  0.80  0.20  0.19  0.31  0.55 
(0.88)
 1.71 
(1.46)
 12.23 
VFORX  0.42  0.02 (0.01) 0.10  0.47 
(0.45)
 0.85 
(0.92)
 2.52 
VTIVX  0.46  0.02  0.00  0.10  0.53 
(0.49)
 0.91 
(1.05)
 2.80 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY