Looking to diversify beyond FASPX? The mutual funds below have historically moved differently from FASPX, 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 FASPX
0 mutual funds have low correlation with FASPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.50, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.51 | 0.59 | 80 | Semiconductors, Technology Equities | FASPX vs FSELX | |
| Fidelity International Value Fund | 0.66 | 0.66 | 0.73 | 77 | Foreign Large Cap Equities | FASPX vs FIVLX | |
| Fidelity International Index Fund | 0.67 | 0.66 | 0.72 | 70 | Foreign Large Cap Equities | FASPX vs FSPSX | |
| Fidelity Total International Index Fund | 0.67 | 0.69 | 0.73 | 73 | Foreign Large Cap Equities | FASPX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.68 | 0.72 | 0.79 | 59 | Large Cap Blend Equities | FASPX vs FNILX |
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