Looking to diversify beyond FASUX? The mutual funds below have the lowest correlation with FASUX — 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 FASUX.
Best Diversifiers for FASUX
13 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 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.07 | — | 94 | Semiconductors, Technology Equities | FASUX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.10 | — | 63 | Large Cap Growth Equities | FASUX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | — | 100 | Municipal Bonds | FASUX vs DFSMX | |
| Fidelity ZERO Large Cap Index Fund | 0.24 | 0.16 | — | 56 | Large Cap Blend Equities | FASUX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.24 | 0.16 | 0.14 | 62 | Large Cap Blend Equities | FASUX vs FZROX |
See all 25 diversifiers for FASUX
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