Looking to diversify beyond FCDSX? The mutual funds below have the lowest correlation with FCDSX — 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 FCDSX.
Best Diversifiers for FCDSX
6 mutual funds have low correlation with FCDSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.08 | 0.09 | 97 | Semiconductors, Technology Equities | FCDSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.14 | 0.13 | 75 | Large Cap Growth Equities | FCDSX vs FBGRX | |
| Fidelity 500 Index Fund | 0.28 | 0.20 | 0.16 | 75 | S&P 500 | FCDSX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.21 | 0.17 | 71 | Large Cap Blend Equities | FCDSX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.28 | 0.22 | 0.17 | 72 | Large Cap Blend Equities | FCDSX vs FZROX |
See all 14 diversifiers for FCDSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FCDSX
Add FCDSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCDSX