Looking to diversify beyond FASVX? The mutual funds below have historically moved differently from FASVX, 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 FASVX
10 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 0.15, roughly unchanged from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.15 | 0.07 | — | 80 | Semiconductors, Technology Equities | FASVX vs FSELX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.25 | 0.25 | — | 99 | Municipal Bonds | FASVX vs TFCYX | |
| Fidelity ZERO Large Cap Index Fund | 0.26 | 0.16 | — | 59 | Large Cap Blend Equities | FASVX vs FNILX | |
| Fidelity 500 Index Fund | 0.27 | 0.16 | — | 64 | S&P 500 | FASVX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.27 | 0.16 | 0.15 | 63 | Large Cap Blend Equities | FASVX vs FSKAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FASVX
Add FASVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FASVX