Looking to diversify beyond FCLAX? The mutual funds below have historically moved differently from FCLAX, 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 FCLAX
1 mutual funds have low correlation with FCLAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.01, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.01 | 0.26 | 0.37 | 87 | Energy Equities | FCLAX vs FSENX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.61 | 0.65 | 80 | Semiconductors, Technology Equities | FCLAX vs FSELX | |
| Fidelity Select Transportation Portfolio | 0.65 | 0.71 | 0.77 | 59 | Industrials Equities | FCLAX vs FSRFX | |
| Fidelity International Index Fund | 0.66 | 0.63 | 0.68 | 70 | Foreign Large Cap Equities | FCLAX vs FSPSX | |
| Fidelity Total International Index Fund | 0.66 | 0.63 | 0.67 | 73 | Foreign Large Cap Equities | FCLAX vs FTIHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCLAX
Add FCLAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCLAX