Looking to diversify beyond FASNX? The mutual funds below have historically moved differently from FASNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FASNX
11 mutual funds have low correlation with FASNX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FASNX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.24 | 0.15 | — | 59 | Large Cap Blend Equities | FASNX vs FNILX | |
| Fidelity 500 Index Fund | 0.24 | 0.15 | — | 64 | S&P 500 | FASNX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.24 | 0.16 | — | 64 | Large Cap Blend Equities | FASNX vs FZROX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.35 | — | 98 | Municipal Bonds | FASNX vs USMSX |
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