Looking to diversify beyond FASVX? The mutual funds below have the lowest correlation with FASVX — 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 FASVX.
Best Diversifiers for FASVX
14 mutual funds have low correlation with FASVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.12, 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 | 0.12 | 0.07 | — | 96 | Semiconductors, Technology Equities | FASVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.19 | 0.10 | — | 73 | Large Cap Growth Equities | FASVX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | — | 99 | Municipal Bonds | FASVX vs DFSMX | |
| Fidelity 500 Index Fund | 0.23 | 0.15 | — | 66 | S&P 500 | FASVX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.16 | — | 63 | Large Cap Blend Equities | FASVX vs FNILX |
See all 26 diversifiers for FASVX
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