Looking to diversify beyond FASJX? The mutual funds below have the lowest correlation with FASJX — 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 FASJX.
Best Diversifiers for FASJX
15 mutual funds have low correlation with FASJX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.14, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.07 | — | 96 | Semiconductors, Technology Equities | FASJX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.20 | 0.11 | — | 73 | Large Cap Growth Equities | FASJX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | — | 99 | Municipal Bonds | FASJX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.16 | — | 63 | Large Cap Blend Equities | FASJX vs FNILX | |
| Fidelity 500 Index Fund | 0.23 | 0.15 | — | 66 | S&P 500 | FASJX vs FXAIX |
See all 26 diversifiers for FASJX
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