Looking to diversify beyond FASLX? The mutual funds below have the lowest correlation with FASLX — 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 FASLX.
Best Diversifiers for FASLX
13 mutual funds have low correlation with FASLX (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, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.07 | 0.08 | 92 | Semiconductors, Technology Equities | FASLX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.28 | — | 100 | Municipal Bonds | FASLX vs DFSMX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.11 | — | 61 | Large Cap Growth Equities | FASLX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.25 | 0.16 | 0.14 | 61 | Large Cap Blend Equities | FASLX vs FNILX | |
| Fidelity 500 Index Fund | 0.25 | 0.16 | — | 65 | S&P 500 | FASLX vs FXAIX |
See all 27 diversifiers for FASLX
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