Looking to diversify beyond FASUX? The mutual funds below have historically moved differently from FASUX, 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 FASUX
10 mutual funds have low correlation with FASUX (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 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.06 | — | 80 | Semiconductors, Technology Equities | FASUX vs FSELX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.25 | 0.25 | — | 99 | Municipal Bonds | FASUX vs TFCYX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.16 | — | 59 | Large Cap Blend Equities | FASUX vs FNILX | |
| Fidelity 500 Index Fund | 0.26 | 0.15 | — | 64 | S&P 500 | FASUX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.27 | 0.16 | — | 63 | Large Cap Blend Equities | FASUX vs FSKAX |
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