Looking to diversify beyond FASHX? The mutual funds below have the lowest correlation with FASHX — 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 FASHX.
Best Diversifiers for FASHX
10 mutual funds have low correlation with FASHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.16, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.07 | 0.06 | 94 | Semiconductors, Technology Equities | FASHX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.27 | 0.41 | 100 | Municipal Bonds | FASHX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.17 | 0.11 | 56 | Large Cap Blend Equities | FASHX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.23 | 0.18 | 0.12 | 62 | Large Cap Blend Equities | FASHX vs FZROX | |
| Fidelity 500 Index Fund | 0.23 | 0.16 | 0.11 | 60 | S&P 500 | FASHX vs FXAIX |
See all 25 diversifiers for FASHX
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