Looking to diversify beyond FASNX? The mutual funds below have the lowest correlation with FASNX — 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 FASNX.
Best Diversifiers for FASNX
13 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 0.08, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.05 | — | 96 | Semiconductors, Technology Equities | FASNX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.17 | 0.09 | — | 73 | Large Cap Growth Equities | FASNX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.15 | — | 63 | Large Cap Blend Equities | FASNX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.21 | 0.16 | — | 66 | Large Cap Blend Equities | FASNX vs FZROX | |
| Fidelity 500 Index Fund | 0.21 | 0.14 | — | 66 | S&P 500 | FASNX vs FXAIX |
See all 25 diversifiers for FASNX
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