Looking to diversify beyond FCDSX? The mutual funds below have historically moved differently from FCDSX, 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 FCDSX
2 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 0.14, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.08 | 0.10 | 80 | Semiconductors, Technology Equities | FCDSX vs FSELX | |
| DFA Two Year Global Fixed Income Portfolio | 0.28 | 0.08 | 0.33 | 100 | Global Bonds | FCDSX vs DFGFX | |
| Fidelity ZERO Large Cap Index Fund | 0.31 | 0.22 | 0.18 | 59 | Large Cap Blend Equities | FCDSX vs FNILX | |
| Fidelity 500 Index Fund | 0.32 | 0.21 | 0.18 | 64 | S&P 500 | FCDSX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.33 | 0.23 | 0.19 | 64 | Large Cap Blend Equities | FCDSX vs FZROX |
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