Looking to diversify beyond FCSHX? The mutual funds below have historically moved differently from FCSHX, 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 FCSHX
11 mutual funds have low correlation with FCSHX (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 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.12 | 0.05 | 0.03 | 80 | Semiconductors, Technology Equities | FCSHX vs FSELX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.24 | 0.25 | 100 | Municipal Bonds | FCSHX vs ATOIX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.15 | 0.09 | 59 | Large Cap Blend Equities | FCSHX vs FNILX | |
| Fidelity 500 Index Fund | 0.23 | 0.14 | 0.09 | 64 | S&P 500 | FCSHX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.23 | 0.16 | 0.10 | 64 | Large Cap Blend Equities | FCSHX vs FZROX |
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